Parex Resources Annual General and Special Meeting of Shareholders

CALGARY, ALBERTA--(Marketwire - May 16, 2012) -

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Parex Resources Inc. (TSX:PXT), will be holding its Annual General and Special Meeting of Shareholders on Wednesday, May 23, 2012 at 10:30 a.m. (Calgary time) at the Jamieson Place Conference Centre located on the 3rd floor of Jamieson Place, 308 - 4^th Avenue S.W., Calgary, Alberta. The Notice of Annual General and Special Meeting of Shareholders incorrectly listed the address of Jamieson Place as 240 - 4^th Avenue S.W., Calgary, Alberta.

This news release does not constitute an offer to sell securities, nor is it a solicitation of an offer to buy securities, in any jurisdiction.