SOURCE: Pepper Rock Resources Corp.

Pepper Rock Resources Corp.

February 22, 2010 16:00 ET

Pepper Rock Resources Announces the Company Is Preparing to Drill

CHICAGO, IL--(Marketwire - February 22, 2010) -  Pepper Rock Resources Corp. (OTCBB: PEPR) is delighted to announce that permits have been secured for drilling operations and the company is in the beginning stages of drilling a new developmental well in West Texas.

The process typically begins with geologists examining the surface structure of the earth, and determining areas where it is geologically likely that petroleum or gas deposits might exist. The company is optimistic that the area in West Texas supports their research and theories.

The decision of whether or not to drill a well depends on a variety of factors. It costs a great deal of money for exploration and production companies to search and drill for natural gas, and there is always the inherent risk that no natural gas will be found. Yet, as part of the joint venture agreement with Oxalis Energy, Inc., Pepper Rock has committed 5.3 million dollars in working capital to expand the area.

The resource industry has developed a number of innovations and techniques which both decrease the cost and increase the efficiency of drilling for natural gas. The advances of technology have also contributed greatly to the increased efficiency and success rate for drilling natural gas wells. With that in mind, Pepper Rock is encouraged by the technology available in conjunction with the studies performed, and their board's opinion to explore the West Texas Project.

Forward-Looking Statements
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Forward-looking statements involve risks and uncertainties. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the Company to be different from those expressed or implied. Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements.

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