Pambili Natural Resources CorporationTSXV: PNN

Pennine Files Annual Financial Statements

· Issued by Pambili Natural Resources Corporation

Apr. 30, 2010 (TheNewswire.ca) --

April 30, 2010 - CALGARY, ALBERTA - Pennine Petroleum Corporation (TSXV:PNN) (PNN on TSX.V)(the "Company") is pleased to announce the filing of its annual financial statements and management discussion and analysis for the fiscal period ending December 31, 2009. All documents are available for viewing on SEDAR.

Pennine also continues to evaluate certain oil and gas projects in both the United States and Canada, with focus on maximizing shareholder value.

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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