Primary Petroleum Corporation
TSX VENTURE : PIE
PINK SHEETS : PETEF

Primary Petroleum Corporation

July 03, 2008 10:00 ET

Primary Petroleum to Commence Exploration Program Including 3D Seismic and Three Well Drilling Program on Its Saturn Prospect in the Williston Basin, Montana

CALGARY, ALBERTA--(Marketwire - July 3, 2008) - Primary Petroleum Corporation (TSX VENTURE:PIE)(PINK SHEETS:PETEF) ("Primary" or the "Company") is pleased to announce that it is moving forward with its exploration program on its Saturn Prospect located in the Williston Basin in Montana. Primary's Saturn Prospect consists of approximately 35 sections (22,500 net acres) of which it holds 100% working interest. The Saturn Prospect is located in Daniels County, Montana, which is situated on the western edge of the Williston Basin.

Over 50 miles of 2D seismic has been acquired, reprocessed and interpreted. 12 drill locations on this multiple horizon Mississippian oil play have been identified on Primary's land from the 2D seismic data. These locations will be confirmed with 3D seismic. Initially the Company will drill three wells with well depths to the base of the Bakken Formation.

The adjacent Cabaret Coulee field which is located approx one mile from our first drilling location has produced in excess of 450,000 bbl oil from one section. The Fugere 1-30 oil well in the Cabaret Coulee Field commenced production in 1990 and maintained an operating production rate in excess of 700 bopd (bbls oil/day) in the first year. Total production from this well to date is 315,000 bbl oil. "Our 2D seismic interpretation identifies drill targets that look even more prospective than the success achieved in the Cabaret Coulee field," states Rod Haverslew, VP Exploration.

About Primary Petroleum Corp. Primary is a growing oil and gas company actively engaged in exploration and development activities in Montana and Alberta with its head office located in Calgary. Primary's management and technical team include accomplished oil and gas exploration and development personnel, with extensive experience. The Company's mandate is to continue to aggressively acquire oil & gas prospects of merit in the Sedimentary Basin of the Western United States and Canada with a focus on acquiring assets in Montana whereby Primary Petroleum maintains control of its own land plays and drilling operations.

To find out more about Primary Petroleum Corporation visit our website at www.primarypetroleum.com.

This news release has been prepared by management.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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