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Press release from Marketwire

Pace Oil & Gas Ltd. to Present at the Independent Petroleum Association of America Oil and Gas Investment Symposium in New York City, New York

Thursday, April 12, 2012

Pace Oil & Gas Ltd. to Present at the Independent Petroleum Association of America Oil and Gas Investment Symposium in New York City, New York21:22 EDT Thursday, April 12, 2012CALGARY, ALBERTA--(Marketwire - April 12, 2012) - Pace Oil & Gas Ltd. ("Pace" or the "Company") (TSX:PCE) is pleased to announce they are presenting at the Independent Petroleum Association of America ("IPAA") Oil & Gas Investment Symposium ("OGIS") held at the Sheraton New York Hotel & Towers in New York City, NY April 16 to 18th, 2012.Fred Woods, President & CEO of Pace is scheduled to present Wednesday, April 18th at 2:25 p.m. (Eastern Time) in the Empire East Ballroom on the 2nd Floor. A live webcast will be available at the following link: http://www.investorcalendar.com/CEPage.asp?ID=168066 The webcast link will also be made available on Pace's website along with the presentation at www.paceoil.ca. The webcast will be archived on the IPAA's website at www.IPAA.org.Pace is a Calgary, Alberta based intermediate sized oil-weighted company with a large portfolio of near term oil resource opportunities in the Western Canadian Sedimentary Basin. Pace has a growing oil production with its large Montney pool at Dixonville, its Slave Point light oil resource play at Red Earth and its Southern Alberta asset, where Pace is successfully developing and exploiting a large inventory of identified Mannville channels. In Northwest Alberta, the Company is in the early stages of exploring a large Pekisko oil resource play. Pace has a large land inventory of over 800,000 net acres and a large 3-D seismic database to identify drilling opportunities and uses the newest proven technologies in horizontal drilling, multi-stage completions and enhanced oil recovery processes to grow its production and reserve base.Pace's common shares trade under the symbol PCE on the TSX and PACEF on the OTC.FOR FURTHER INFORMATION VISIT OUR WEBSITE AT WWW.PACEOIL.CA.FOR FURTHER INFORMATION PLEASE CONTACT: Fred WoodsPace Oil & Gas Ltd.President & CEO(403) 303-8505fwoods@paceoil.caORTodd BrownPace Oil & Gas Ltd.Vice President & COO(403) 930-3539tbrown@paceoil.caORChad KalmakoffPace Oil & Gas Ltd.Vice President, Finance & CFO(403) 303-8504ckalmakoff@paceoil.ca