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Press release from Marketwire

Petrobank Announces Updated Presentation and Participation at TD Energy Conference and CIBC Institutional Investor Conference

Friday, January 14, 2011

Petrobank Announces Updated Presentation and Participation at TD Energy Conference and CIBC Institutional Investor Conference09:00 EST Friday, January 14, 2011CALGARY, ALBERTA--(Marketwire - Jan. 14, 2011) - Petrobank Energy and Resources Ltd. ("Petrobank") (TSX:PBG) announces that our executives will speak at upcoming conferences in London, England and Whistler, BC. Chris Bloomer, Senior Vice President and Chief Operating Officer, Heavy Oil, will present at TD Newcrest's London Energy Conference 2011 on Monday, January 17 at 11:50 a.m. GT (4:50 a.m. MT) in London, England. There is no webcast of this conference. John Wright, President and Chief Executive Officer, will present at CIBC's 14th Annual Institutional Conference on Wednesday, January 19 at 3:25 p.m. PT (4:25 p.m. MT) at Whistler, BC. Links to the audio webcast and presentation slides will be available online at the start of the presentation at: Petrobank has updated its corporate presentation in advance of these events, a copy of which is available on our website at Petrobank Energy and Resources Ltd. is a Calgary-based oil and natural gas exploration and production company with operations in western Canada. The Company operates high-impact projects through two business units and a technology subsidiary. 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. 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 Energy and Resources Ltd., for specialized methods for recovery of oil from subterranean formations through in-situ combustion techniques and methodologies with or without upgrading catalysts. Used under license by Petrobank Energy and Resources Ltd.FOR FURTHER INFORMATION PLEASE CONTACT: John D. WrightPetrobank Energy and Resources Ltd.President and Chief Executive Officer(403) 750-4400ORChris J. BloomerPetrobank Energy and Resources Ltd.Senior Vice President and Chief Operating Officer, Heavy Oil(403) 750-4400ORPeter CheungPetrobank Energy and Resources Ltd.Vice President Finance and Chief Financial Officer(403)