PGPM Pilgrim Petroleum Corporation (CE)

Pilgrim Petroleum Corporation (Pink Sheets:PGPM), an independent oil and gas company, announced today it has launched Chinese and French versions of its Website, www.apetroleum.com, to promote Pilgrim Petroleum's prospects and help divest non-operated oil and gas interests in the Texas counties of Wichita, Clay and Archer. We have targeted two companies in Primary and Secondary Recovery Techniques that will allow Pilgrim Petroleum to considerably increase its existing production levels. These new plans are intended to capitalize on the optimization of Pilgrim Petroleum's existing assets and capabilities by streamlining operations. Rafael Pinedo, Pilgrim Petroleum's President, said, "This opportunity will provide us with an exciting opportunity to move forward through association with a dynamic industry and reflects the company's strategy for strengthening its presence with our partners in Tianjin, China, and Montreal, Canada." About Pilgrim Petroleum Corporation Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (Pink Sheets:PGPM). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interests primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each by refurbishing and improving the existing production. Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward looking statements. 2006 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.