Michael A. Kijesky Joins Petroleum & Resources Corporation as a Senior Research Analyst

BALTIMORE, Sept. 14  /PRNewswire-FirstCall/ -- Michael A. Kijesky is joining Petroleum & Resources Corporation (NYSE:PEO) as a senior energy and basic materials analyst.

(Photo:  http://www.newscom.com/cgi-bin/prnh/20090914/PH75284 )

Doug Ober, Chairman, President and CEO, says, "Mike Kijesky is a strong addition to our research staff, and brings to the Fund his wealth of knowledge gained both as an equity analyst and through his hands-on experience working for two of the leading companies in the basic materials sector.  We look forward to working closely with him in managing our energy and materials investments in the portfolio."

Prior to joining the Corporation, Mr. Kijesky was a senior vice president/equity analyst with McHugh Associates, Inc., in Radnor, PA.  Before that, he was an equities analyst with Cutler & Co., in W. Conshohocken, PA, and a financial analyst with Air Products & Chemicals, Inc. Prior to earning his Masters in Business Administration, he was a process engineer with Rohm and Haas Company.

Mr. Kijesky is a CFA and received his undergraduate and Master of Business Administration degrees from Lehigh University.

Petroleum & Resources is a Baltimore-based closed-end investment company.  It is traded on the New York Stock Exchange and its symbol is PEO.

                   For further information, please contact

   Lawrence L. Hooper, Jr., Vice President, General Counsel and Secretary
                          410-752-5900 or 800-638-2479

                        E. Mail: 
                          Website: http://www.peteres.com/



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DATASOURCE: Petroleum & Resources Corporation



CONTACT:  Lawrence L. Hooper, Jr., Vice President, General Counsel and

Secretary of Petroleum & Resources Corporation, [phone] or

[phone], 



Web Site:  http://www.peteres.com/ 

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