Poplar Creek Resources Inc.
TSX VENTURE : PCK

September 30, 2010 17:22 ET

Poplar Creek Resources Inc. Extends Memorandum of Understanding With Norwegian Oil Sands Inc.

CALGARY, ALBERTA--(Marketwire - Sept. 30, 2010) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Further to its August 24, 2010 press release, Poplar Creek Resources Inc. (PCK) (TSX VENTURE:PCK) announces that the Memorandum of Understanding (MOU) with Norwegian Oil Sands Corp. (NOS) has been extended to October 31, 2010. The extension will allow PCK to close its $2,000,000 financing announced September 16, 2010 which will be used to complete its programs including the drilling on NOS oil sands properties pursuant to the terms of the MOU.

Forward-looking statements:

Certain information set forth in this news release contains forward-looking statements and information ("forward-looking statements"). More particularly, this news release contains statements concerning drilling plans and other activities on certain assets as described herein. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Poplar Creek's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Poplar Creek's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits Poplar Creek will derive therefrom. The risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in more detail in our Annual Information Form and other documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Poplar Creek does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction.

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Poplar Creek Resources Inc.
    John Carruthers
    CEO
    403-875-1821
    or
    Poplar Creek Resources Inc.
    Richard Edgar
    President
    403-616-5387