PGPM Pilgrim Petroleum Corporation (CE)

Pilgrim Petroleum Corporation (Pink Sheets:PGPM) is pleased to announce appointment to the Senior Management Team of our Company of Mr. Burt Lambert, who has been appointed Senior Vice-President of Drilling and Exploration. Mr. Lambert is a Geologist with over twenty-nine years experience in the oil and gas industry with a focus on well site geology, drilling, and production management. Mr. Lambert owned and operated his own geological consulting firm before joining Pilgrim Petroleum, and holds a B.S. degree from University of Texas. This year with current oil price structure, recent acquisitions, and its well reactivation program, Pilgrim Petroleum has leveraged its strengths and opportunities to optimize operational and financial results. Our management team is definitely leading the company to the next level. About Pilgrim Petroleum Corporation Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PGPM). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interests primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each by refurbishing and improving the existing production. Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effects of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements. 2006 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.