Production Enhancement Group Announces Revocation of Cease Trade Order and Related Party Transaction and Listing on NEX

Production Enhancement Group, Inc. ("PEG" or the "Company") (NEX BOARD:WIS.H)
today announced that effective July 10, 2009, the Alberta Securities Commission
issued a revocation of the cease trade order issued on May 29, 2009 against the
Company. A revocation order was previously issued by the British Columbia
Securities Commission with respect to the cease trade order issued dated June 1,
2009 and by the Ontario Securities Commission with respect to a temporary cease
trade order dated June 3, 2009.


PEG also announced it has completed the issue of USD $525,000 tranche of 8%
Secured Convertible Debentures (the "Debentures") by way of a private placement
to Quest Energy Services (Canada) Ltd. ("Quest") which holds 83% of the
Company's shares. The Debentures were issued in respect of three previous
advances by Quest to PEG on June 9, 2009 (USD $100,000) June 26, 2009 (USD
$125,000) and July 10, 2009 (USD $100,000) and for one or more subsequent
advances aggregating USD $200,000 and is a related party transaction under MI
61-101, but is exempt from the valuation and minority approval requirements due
to financial hardship. PEG also wishes to clarify that the $100,000 advance in
respect of Debentures previously announced to have been completed on June 9,
2009 was in fact completed and included in this tranche as all regulatory
approvals had yet to be obtained.


The Debentures are convertible, subject to all regulatory and exchange
approvals, into PEG Common Shares at $0.05 per share or such price that is
approved by the exchange upon which the PEG Common Shares are listed, and is
subject to adjustment in accordance with the terms of the Debentures. Quest
currently holds 89,698,619 Common Shares or 83.1% of the 107,901,283 PEG shares
outstanding and if the Debentures are converted at $0.05 per share an additional
12,075,000 PEG shares may be acquired by Quest increasing its percentage holding
to 84.8%.


Proceeds will be used for working capital and to resolve creditor claims so PEG
can explore its options. PEG shares were suspended on the TSX on May 4, 2009 and
delisted July 3, 2009 for failure to meet the continued listing requirements of
the TSX because of enforcement steps by its senior lender. On July 6, 2009 the
PEG shares were listed on NEX and PEG is subject to restrictions on share
issuances and certain types of payments as set out in the NEX policies. The PEG
Shares remain suspended on NEX pending a reinstatement of trading review.