Pace Oil & Gas Ltd. to Host Q4 & Year End 2011 Financial Results Conference Call and Webcast

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CALGARY, ALBERTA--(Marketwire - March 8, 2012) - Pace Oil & Gas Ltd. (TSX:PCE) intends to release its Q4 2011 and 2011 year end financial results after market on March 13, 2012 and will host a conference call and webcast on the next day to discuss the Q4 and year end 2011 financial results. The conference call and webcast will take place on Wednesday, March 14, 2012 at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time).

To access and/or participate in the conference call by telephone:

Dial: 1-877-407-0782 (Toll-Free Canada/USA)

Dial: 1-201-689-8567 (International)

Participants are advised to dial into the call five minutes prior to the starting time to register.

To access and listen to the webcast by internet:

Enter in your web browser:

A replay of the conference call will be available via the above link and will be archived on Pace's website at for a limited time.
Replay Number (Toll Free): 1-877-660-6853
Replay Number (International): 1-201-612-7415
Replay Passcodes (both required for playback):
Account #: 286
Conference ID #: 390236

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. Pace has a growing oil production base in the Peace River Arch area with its large Montney pool at Dixonville, its Slave Point light oil resource play at Red Earth and in Southern Alberta, is successfully developing and exploiting a large inventory of identified Mannville channels. In Northwest Alberta, the Company is in the early stages of exploring a large Pekisko oil resource play. Pace also has a number of natural gas resource opportunities, including its Falher, Cadomin and Nikanassin prospects at Elmworth in the sweet spot of the Deep Basin and its Montney gas prospects at Pouce Coupe and Farrell Creek. Pace has a large land inventory of over 800,000 net acres and a large 3-D seismic database to identify drilling opportunities and uses the newest proven technologies in horizontal drilling, multi-stage completions, and enhanced oil recovery processes to grow its production and reserve base.

Pace's common shares trade under the symbol PCE on the TSX and PACEF on the OTC.


Pace Oil & Gas Ltd.
Fred Woods
President & CEO
(403) 303-8505

Pace Oil & Gas Ltd.
Judy Stripling
Executive Vice-President & CFO
(403) 303-8502