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Press release from Marketwire

Petrobank to Host Third Quarter Results Conference Call

Friday, November 12, 2010

Petrobank to Host Third Quarter Results Conference Call14:15 EST Friday, November 12, 2010CALGARY, ALBERTA--(Marketwire - Nov. 12, 2010) - Petrobank Energy and Resources Ltd. ("Petrobank") (TSX:PBG) is pleased to announce that Management will be holding a conference call for investors, financial analysts, media and any interested persons on Tuesday, November 16, 2010 at 9:00am (Mountain time) (11:00 a.m. Eastern Time) to discuss Petrobank's third quarter financial and operating results.The investor conference call details are as follows:Live call dial-in numbers: 416-340-8527 / 877-240-9772 Replay dial-in numbers: 416-695-5800 / 800-408-3053 Replay pass code: 7266801The live audio webcast link is: http://events.digitalmedia.telus.com/petrobank/111610/index.php and is also available on our website at: http://www.petrobank.com/investors/.Petrobank Energy and Resources Ltd. is a Calgary-based oil and natural gas exploration and production company with operations in western Canada and Latin America. The Company operates high-impact projects through three business units and a technology subsidiary. The Canadian Business Unit, operated by Petrobank's 59% owned TSX-listed subsidiary, PetroBakken Energy Ltd. (TSX:PBN), is a premier light oil production company combining, high growth, long-life Bakken reserves and production with legacy conventional light oil assets, delivering industry leading operating netbacks, strong cash flows and production growth. PetroBakken is applying leading edge technology to a multi-year inventory of Bakken and Cardium light oil development locations, along with a significant inventory of opportunities in the Horn River and Montney gas resource plays in northeast BC. PetroBakken's strategy is to deliver accretive production and reserves growth, along with an attractive dividend yield. The Latin American Business Unit, operated by Petrominerales Ltd. (TSX:PMG), is a Latin America-based exploration and production company producing oil in Colombia with 17 exploration blocks covering a total of 2.1 million acres in the Llanos and Putumayo Basins and five exploration blocks in Peru covering a total of 9.4 million gross (5.4 million net acres in the Ucayali and Titicaca Basins. Whitesands Insitu Partnership, a partnership between Petrobank and its wholly-owned subsidiary Whitesands Insitu Inc., owns 104 net sections of oil sands leases in Alberta, 36 sections of oil sands licenses in Saskatchewan and 4 net sections of petroleum and natural gas rights in Kerrobert, Saskatchewan, and operates the Whitesands project which is field-demonstrating Petrobank's patented THAI™heavy oil recovery process. THAI™is an evolutionary in-situ combustion technology for the recovery of bitumen and heavy oil that integrates existing proven technologies and provides the opportunity to create a step change in the development of heavy oil resources globally. THAI™and CAPRI™are registered trademarks of Archon Technologies Ltd., a wholly-owned subsidiary of Petrobank.FOR FURTHER INFORMATION PLEASE CONTACT: John D. WrightPetrobank Energy and Resources Ltd.President and Chief Executive Officer403.750.4400ORChris J. BloomerPetrobank Energy and Resources Ltd.Senior Vice President and Chief Operating Officer, Heavy Oil403.750.4400ORPeter CheungPetrobank Energy and Resources Ltd.Vice President Finance and Chief Financial Officer403.750.4400ir@petrobank.comwww.petrobank.com