PTT Primera Energy Resources Ltd.

Primera Energy Resources Ltd. (TSX VENTURE:PTT) ("Primera or the "Corporation")
is pleased to provide the following corporate update.


Cory Moruga Block

The Corporation is pleased to announce that the Ministry of Energy and Energy
Affairs in Trinidad has approved the Firecrown 1 ST1 well as an obligation well
under the Exploration and Production Licence ("the Licence"). As such, the
Corporation has now fulfilled all the Work Obligations as under the Licence. 


Mobilization of a workover rig was commenced on May 9th 2011. Once the rig and
all ancillary testing equipment are fully mobilized to the well location, well
testing and completion will commence. Based on open hole wireline and mud logs,
as well as cutting samples, the well encountered hydrocarbon bearing sandstones
with oil shows in the secondary Herrera zone from a measured depth of
approximately 6,600 ft to approximately 7,220 ft. In the primary Herrera zone,
the well encountered hydrocarbon bearing sandstones from a measured depth of
approximately 8,150 ft to approximately 8,275 ft. A total of four intervals will
be tested in this well.


About PERL

PERL is a TSX Venture Exchange listed issuer which currently produces
approximately 275 barrels of oil per day pursuant to a lease operatorship in
South Central Trinidad, has a 16.2% working interest inthe Cory Moruga Block and
a 10% entitlement to a Production Sharing Contract for onshore India block
CB-ONN-2005/11. The prospect has significant potential and regional implications
for PERL.


PERL currently has an approximate working capital surplus of $3.0MM and
approximately 55.4 million common shares outstanding. 


Statements in this press release may contain forward-looking information
including expectations of future operations, operating costs, commodity prices,
administrative costs, commodity price risk management activity, acquisitions and
dispositions, capital spending, access to credit facilities, income and oil
taxes, regulatory changes, and other components of cash flow and earnings. The
reader is cautioned that assumptions used in the preparation of such information
may prove to be incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, a result of numerous known and unknown
risks, uncertainties, and other factors, many of which are beyond the control of
the issuer. These risks include, but are not limited to, the risks associated
with the oil and gas industry, commodity prices and exchange rate changes.
Industry related risks could include, but are not limited to, operational risks
in development and production, delays or changes in plans, risks associated to
the uncertainty of reserve estimates, or reservoir performance, health and
safety risks and the uncertainty of estimates and projections of production,
costs and expenses. The reader is cautioned not to place undue reliance on this
forward-looking information.

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