Park Place Energy Corp. Provides Update from Concessions International

OTCBB:PKPL FRANKFURT: 3P2

VANCOUVER, July 8 /PRNewswire-FirstCall/ - Park Place Energy Corp. ("Park Place" or "the Company") is pleased to update its shareholders regarding the developments from Concessions International, Inc.

Concessions International has focused its attention on blue-sky Shale Gas opportunities in Europe. They have begun assessing opportunities in Albania, Austria, Bulgaria, France, Germany, Hungary, Netherlands, Poland, Ukraine and the United Kingdom.

Concessions International reports to the company that they have received encouraging responses from the various local governments, and have furthermore found very exciting preliminary information regarding certain major Gas discoveries. William Divine, a Managing Partner for Concessions International, Inc, reports to the Company that they are "positive we will be able to find something extraordinary in the near future."

Both Concessions International as well as Park Place Energy are excited about the opportunities in this mostly untapped area of Shale Gas exploration by the International community.

Park Place President David Johnson said, "We are committed to finding a major project of significant magnitude, and if and when we do, it will take this company to new heights. We look forward to finding our next blue-sky opportunity with Concessions International."

About Park Place

Park Place Energy Corp. is a North American oil and gas company that is participating in high impact opportunities. The Company currently has gas production in North-East British Columbia and is committed to developing the asset as well as acquiring additional blue-sky international gas opportunities, with a focus on shale gas. Park Place's management is focused on optimizing profitability and enhancing shareholder value.

Certain information regarding the Corporation contained herein may constitute forward-looking statements. These statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Park Place believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied. The Corporation is under no obligation to update or alter any forward-looking statement. These risks include operational and geological risks, the ability of the Corporation to raise necessary funds for exploration and the fact that the Corporation does not operate all its properties. Park Place's forward-looking statements are expressly qualified in their entirety by this cautionary statement.

SOURCE Park Place Energy Corp.