Pace Oil & Gas Ltd. Containment Update: Rainbow Lake Crude Emulsion Leak

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CALGARY, ALBERTA--(Marketwire - May 25, 2012) - On May 19th an oil and water leak occurred in a remote area of NW Alberta approximately 20 km S.E. of Rainbow Lake reports Pace Oil & Gas Ltd (TSX:PCE).


The Facts:

Pace Oil & Gas Ltd. is a Calgary, Alberta based intermediate sized oil-weighted company with a large portfolio of near term oil resource opportunities in the Western Canadian Sedimentary Basin. (TSX:PCE)

Fred Woods, President & CEO is at the Rainbow Lake incident site and not within reliable cell phone range. For immediate response, contact Colin Merrick.

Pace Oil & Gas Ltd.
Colin Merrick
Vice President,
Human Resources, Investor Relations and Administration
(403) 461-9740