SOURCE: Pepper Rock Resources Corp

Pepper Rock Resources Corp

February 23, 2010 16:00 ET

Pepper Rock Resources Provides an Update on Alberta, Canada Project

CHICAGO, IL--(Marketwire - February 23, 2010) - Pepper Rock Resources Corp. (OTCBB: PEPR) is pleased to provide an update on the Company's Canada project. In 2009, Pepper Rock announced it was acquiring certain assets in Southern Alberta, Canada, close in proximity to the Montana border. The Company is now pleased to announce they finalized the acquisition of those assets for $500,000.

The Company is excited about this property because according to the US Energy Information Administration, Canada is one of the world's largest natural gas producers and exporters. Likewise, the Oil and Gas Journal (OGJ) reports that Canada had 57.9 trillion cubic feet (Tcf) of proven natural gas reserves in January 2009. Canada is the second largest producer of natural gas in the Western Hemisphere, after the United States. Canada is also an important source of the U.S. natural gas supply; in 2008, it exported 3.6 Tcf of natural gas to the United States, representing 16 percent of U.S. natural gas consumption and 90 percent of total U.S. natural gas imports that year. Most Canadian natural gas exports enter the United States through pipelines in Idaho, Montana, North Dakota, and Minnesota.

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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