Communicators

Park Place Energy Corp. Announces Major Shale Gas Acquisition within the Montney Area

Vancouver, British Columbia July 28, 2008 - Park Place Energy Corp. (“Park Place” or “the Company”) is pleased to announce the company has acquired 100% interest in approximately 1280 acres of land in the Alberta Landsales on July 16, 2008. The land is located within the Company's defined core exploration area surrounding its producing Eight Mile property in North Eastern British Columbia on the Alberta and British Columbia border.

AJM Petroleum Consultants have been conducting due diligence on a number of quality shale gas opportunities on behalf of the Company and identified the acquired land as having blue sky potential. Through the due diligence process AJM Petroleum Consultants found that within the immediate area one of the major producers has reported production from the Nordegg formation, with one well having produced over 3.6 billion cubic feet of natural gas. Additionally, there is evidence from well logs that the area has potential in the Montney, Dunvegan and Charlie Lake formations.

The "Nordegg" Member is described as an organic-rich mudstone/marlstone that ranges from 15 to 30 m thick and extends over an area of 90,000 km sq in northeastern BC and adjacent parts of Alberta. The Nordegg is an important petroleum source rock in some areas and in other areas has gas shale potential.

David Johnson, Park Place President and CEO said "The Company is aggressively positioning itself as a producing junior oil and gas explorer in the border area of North East British Columbia and Alberta. The land acquired this week in Alberta builds on our solid foundation in one of the hottest resource plays in North America. This exciting acquisition fits into Park Place's core business model, using our experience and expertise in the area to discover and develop blue-sky potential properties."

About Park Place
Park Place Energy Corp. is a North American oil and gas company that is participating in high impact opportunities. The Company currently has gas production in North-East British Columbia and is committed to developing the asset as well as acquiring additional blue-sky gas opportunities in the area, with a focus on shale gas. Park Place’s management is focused on optimizing profitability and enhancing shareholder value.

For Further Information Contact:

Investor Relations: 1 (877) 685 0076
Email: info@parkplaceenergy.com
Website: www.parkplaceenergy.com

Certain information regarding the Corporation contained herein may constitute forward-looking statements. These statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Park Place believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied. The Corporation is under no obligation to update or alter any forward-looking statement. These risks include operational and geological risks, the ability of the Corporation to raise necessary funds for exploration and the fact that the Corporation does not operate all its properties. Park Place’s forward-looking statements are expressly qualified in their entirety by this cautionary statement.