Park Place Energy Raises $900,000

OTCBB:PRPL FRANKFURT: 3P2

CALGARY, April 10 /PRNewswire-FirstCall/ - Park Place Energy Corp. ("Park
Place" or the "Corporation") is pleased to announce that the Corporation has
raised a total of $900,000 by way of a Private Placement consisting of 900,000
Units. Each Unit consists of one Common Share at a deemed price of $0.10 and
one-half of one Share Purchase Warrant. Each whole Share Purchase Warrant may
be exercisable by the holder for a period of one year to acquire one Common
Share of the Corporation at a price of $0.20 per Common Share. Proceeds from
the Private Placement will be used to advance both the Corporation's oil & gas
assets in North America as well as its BrasAm Diamond Project in Central
Brazil. In addition a portion of the Private Placement funds will be used for
general working capital purposes.
About Park Place
Park Place is a company focused on high impact resource opportunities.
Park Place is currently developing its North American oil and gas assets as
well as its BrasAm Diamond Project in Central Brazil. Park Place utilizes its
expertise to enhance shareholder value and profitability by pursuing
attractive opportunities in the international arena. By using state of the art
technologies, Park Place, through creative joint ventures and innovative
partnerships has a strategic five-year operating plan to optimize
profitability and 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.
CONTACT: Investor Relations: 1-877-685-0076, Email:
info@parkplaceenergy.com, Website: www.parkplaceenergy.com, Calgary Head
Office: Suite 300, 840 - 6th Avenue S.W., Calgary, Alberta, Canada, T2P 3E5
SOURCE Park Place Energy Corp.

Investor Relations: 1-877-685-0076, Email: info@parkplaceenergy.com, Website:
www.parkplaceenergy.com, Calgary Head Office: Suite 300, 840 - 6th Avenue
S.W., Calgary, Alberta, Canada, T2P 3E5