Pambili Natural Resources CorporationTSXV: PNN

Pennine Adjourns Annual Meeting

· Issued by Pambili Natural Resources Corporation

Jun. 23, 2010 (TheNewswire.ca) --

June 23rd, 2010 - CALGARY, ALBERTA - Pennine Petroleum Corporation (TSXV:PNN) (PNN on TSX.V)(the "Company") announces the Annual General Meeting held on June 23, 2010 has been adjourned to August 6th, 2010 pending the delivery of required documentation to certain shareholders as outlined by Broadridge. The Company will provide additional mailing documents to Broadridge after the June 23rd, 2010 meeting. The Company also advises that late proxies will be accepted for this Annual General Meeting.

The adjourned meeting will be held at the offices of ProVenture Law LLP, which are located at Suite 2 Mount Royal Village, 800 - 16th Avenue S.W., Calgary, Alberta, on Friday August 6th, 2010, at 10:00 a.m. (Calgary time).

About Pennine Petroleum Corporation

Pennine Petroleum Corporation is an emerging oil and gas exploration and development company active in Alberta, Saskatchewan, and British Columbia. The Company's strategy is based on increasing cash flow by focusing on drilling and well re-completions on selective land areas where it currently operates.

For further information, contact:

Pennine Petroleum Corporation

N. Desmond Smith

T: 403 277-4421

F: 403 277-4439

E: des.smith@penninecorp.com

Boardmarker Group

Dean Stuart

T: 403 517 2270

E: dean@boardmarker.net

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2010 Thenewswire.ca - All rights reserved.

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