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Message: NEWS - e-Research Issues Research Update for Portrush

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NEWS - e-Research Issues Research Update for Portrush

posted on Jul 23, 07 03:24PM

VANCOUVER, BC, Jul 23, 2007- Portrush Petroleum Corporation (OTCBB: PRRPF) (TSX-V: PSH) (the "Company") announced that e-Research has issued an updated research report on the Company, which can be found on the Company's website www.portrushpetroleum.com

In this report, eResearch has reiterated their recommendation of Portrush as a Speculative Buy with a target price set at $0.27. Analyst Richard Fraser, MBA noted as highlights that the Company plans on completing 4 additional deep wells on its Mission River, Texas property (10% working interest) beginning later this summer, and that the Company has received a drilling permit for it's pinnacle reef project in southwestern Ontario. It is anticipated that drilling in Ontario will commence during the month of September and that the Company will hold more than a 50% interest and be the operator of the project.

About Portrush Petroleum Corporation:

To find out more about Portrush Petroleum Corporation visit our website at www.portrushpetroleum.com

ON BEHALF OF THE BOARD Mr. Martin Cotter President & Director

The TSX Venture Exchange has not reviewed this press release and has neither approved nor disapproved the information contained in this press release. The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

CONTACT INFORMATION:
Portrush Petroleum Corporation
Telephone 604 696 2555
866 939 2555
info@portrushpetroleum.com

AGORACOM Investor Relations
www.agoracom.com/ir/portrush
psh@agoracom.com

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