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Press release from Marketwire

Parex Resources Annual General and Special Meeting of Shareholders

Wednesday, May 16, 2012

Parex Resources Annual General and Special Meeting of Shareholders16:30 EDT Wednesday, May 16, 2012CALGARY, ALBERTA--(Marketwire - May 16, 2012) -NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESParex Resources Inc. (TSX:PXT), will be holding its Annual General and Special Meeting of Shareholders on Wednesday, May 23, 2012 at 10:30 a.m. (Calgary time) at the Jamieson Place Conference Centre located on the 3rd floor of Jamieson Place, 308 - 4th Avenue S.W., Calgary, Alberta. The Notice of Annual General and Special Meeting of Shareholders incorrectly listed the address of Jamieson Place as 240 - 4th Avenue S.W., Calgary, Alberta.This news release does not constitute an offer to sell securities, nor is it a solicitation of an offer to buy securities, in any jurisdiction. FOR FURTHER INFORMATION PLEASE CONTACT: Michael KruchtenParex Resources Inc.Manager, Investor Relations403.517.1733Investor.relations@parexresources.com