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Message: Canadian Prime Minister Stephen Harper Announces $500,000. Grant awarded to PTR

Canadian Prime Minister Stephen Harper Announces $500,000. Grant awarded to PTR

posted on Dec 07, 2009 06:52PM

PETROMIN RESOURCES LTD.

 

Attention Business Editors

Canadian Prime Minister Stephen Harper Announces $500,000. Grant awarded to Petromin's China Deep Un-mineable Coal CO2 Sequestration and Enhanced Coalbed Methane Project

VANCOUVER, Dec. 7 /CNW/ - Petromin Resources Ltd. ("Petromin" or the

"Company) (TSX.V: PTR) is pleased to announce that Canadian Prime Minister

Stephen Harper - in conjunction with his official visit to the Peoples

Republic of China - announced that the Government of Canada will provide funds

for investment in innovative, clean technology projects including $500,000 to

Petromin for the Company's China Deep Un-mineable Coal CO(2) Sequestration and

Enhanced Coalbed Methane Production Project ("CCS ECBM Pilot Project"). The

CCS ECBM Pilot Project involves the further development of the technology for

CO(2) injection and storage in deep coal beds in China, as well as the

determination of the suitability and capacity of coal seams in China, as

long-term storage sites for CO(2).

The grant was announced on December 4, 2009, the second day of the Prime

Minister's visit to China. The Prime Minister emphasized the importance of

Canada and China working together on energy and clean technology and working

with other G-20 partners to help global economic recovery. Funding is provided

under Canada's role in the Asia Pacific Partnership on Clean Development and

Climate ("APP"). The APP is a partnership of seven countries, namely

Australia, Canada, China, India, Japan, South Korea and the United States,

which have agreed to work together with industry partners to advance

innovative and clean technologies within their regions.

The CCS ECBM Pilot Project is one of 19 new clean technology projects for

which Canada has provided funds to demonstrate Canada's commitment to help

accelerate the development and deployment of clean technologies in emerging

economies such as China.

The Project is an international collaboration that includes Petromin

alongside Enviro-Energy International Holdings Limited (Enviro Energy) from

Hong Kong, and China United Coalbed Methane Corp. Ltd. ("CUCBM") from China.

The collaborative model reflects the international cooperative principles of

the APP.

The ECBM Pilot Project is operated by CUCBM. Petromin and Enviro Energy

contribute specialized services including Canadian expertise as well as

training to Chinese personnel and funding. As announced by the Company on

November 25, 2009 the pilot operations, which are currently underway, include

re-working the project injection well and operating the well for a period of

time. The first CO(2) injection is planned for January 2010 after which

monitoring and analysis will follow.

The Company and Enviro Energy utilize the Alberta Research Council of

Canada for specialized carbon capture and storage consulting and services.

On Behalf of the Board of Directors.

Ross Gorrell

President & CEO

About Petromin Resources Ltd.

Petromin Resources is a progressive international petroleum and natural

gas exploration and production company listed Tier 1 on the TSX Venture

Exchange. Petromin was ranked 24th of the Top 100 Fastest Growing Companies in

B.C. by Business in Vancouver in 2009 based on a 704% revenue increase over

the past 4 years.

<<

Neither TSX Venture Exchange nor its Regulation Services Provider (as

that term is defined in the policies of the TSX Venture Exchange) accepts

responsibility for the adequacy or accuracy of this release.

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/For further information: Mike Suk, VP Corporate Affairs, (604) 682-8831,

Website:

www.petromin.ca/

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