Circumpacific Energy Corporation: Press Release

Circumpacific Energy Corporation (TSX VENTURE:CER) ('Circumpacific') advises
that it has received notice from the operator of Kakwa Main Gas Unit (the "Gas
Unit") that an error in allocation of revenues in the unit has been detected
that resulted in overpayment to partners in the Gas Unit. The operator has
estimated that Circumpacific has received overpayments of approximately
$339,000.


Under the Unit Agreement, Circumpacific is entitled to a working interest in
non-associated gas only. The assertion is that for the period of January 1, 2004
to January 1, 2009 the operator errantly paid oil and associated gas revenues to
the partners in the Gas Unit.


Circumpacific's management is in the process of confirming the final amount. In
the meantime, the Company will work with its advisors to formulate a repayment
plan that will be in accordance with appropriate accounting standard; as well as
minimize the effect on the Company's cash flow.


Further information on Circumpacific's operations can be found on www.sedar.com
or on its corporate website www.circumpacific.com


Bradley Lingo, President & CEO