SOURCE: Pavilion Energy Resources, Inc.

Pavilion Energy Resources, Inc.

November 30, 2010 10:03 ET

Pavilion Energy Resources, Inc. Explosive Developments

LOS ANGELES, CA--(Marketwire - November 30, 2010) - Pavilion Energy Resources, Inc. (PINKSHEETS: PVRE). The company is close to securing breakthrough financing contracts and securing necessary expansion funding.

Areas of strong progress are:

A European institution is finalizing terms for initial wind group investment of 10 million Euros.

WIND POWER

CHINA: PVRE's Beijing team is negotiating:

1) Government-backed funding for large-scale accelerating turbine manufacturing in China.

2) An existing turbine factory which is ready to manufacture our accelerating turbines for global export.

3) A shipyard partner ready to mass produce offshore turbine support platforms.

4) A permitted offshore wind farm as anchor customer for $4 billion of turbines.

USA: IDAHO: the JV is breaking ground for the first accelerator turbine. Developer LA Wind reports that $100 million project financing is progressing well.

FLORIDA: The JV has made a strong proposal to NASA and Florida State to install 3,000MW wind turbines at Cape Canaveral, Florida. See: www.pvre.biz/florida

IRON ORE - GOLD MINES

PVRE's 33% owned Mining Division is identifying/developing rare-earths, iron ore and gold resources with direct ship-borne iron-ore export routes to China. PVRE is now offering future iron-ore supply contracts to Steelmakers.

PVRE is considering a possible spin out of a new pure-play metals mining company via a share dividend. See: www.gold-and-iron.com

PVRE expects more deal-news flow, possibly resulting in strong capital appreciation.

See: www.pvre.biz

This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding our current business plans, strategies and objectives that involve risks and uncertainties that could cause actual results to differ materially from anticipated results. The forward-looking statements are based on our current expectations and what we believe are reasonable assumptions. However, our actual performance, results and achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Factors, within and beyond our control, that could cause or contribute to such differences include, among others, the following: risks associated with exploration, competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation.

Contact Information

  • Contact:
    Peter Sterling
    President
    (323) 356-7777