Primary Petroleum Closes $17.25 Million Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Primary Petroleum Corporation ("Primary" or the "Company") (TSX
VENTURE:PIE)(PINK SHEETS:PETEF) is pleased to announce that it has closed its
previously announced public offering of common shares of Primary for gross
proceeds of $17.25 million. A total of 23,959,100 common shares of Primary were
sold at a price of $0.72 per share, which includes shares issued on the exercise
of a 15% over-allotment option granted to the underwriters, led by Macquarie
Capital Markets Canada Ltd., and including Casimir Capital Ltd. 


This press release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of securities in any
state in the United States in which such offer, solicitation or sale would be
unlawful. The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements.


About Primary Petroleum Corporation: Primary is a junior oil and gas company
engaged in exploration and development activities in Montana and Alberta. The
Company's mandate is to continue to acquire strategic land positions of merit in
the Sedimentary Basin of the Western United States and Canada and seek out
qualified industry partners to exploit and develop them. The Company's public
filings may be found at www.sedar.com. To find out more about Primary Petroleum
visit our website at www.primarypetroleum.com.