Progress to Present at Enercom’s Oil & Gas Conference

Aug 15, 2011

CALGARY, Aug. 15, 2011 /CNW/ – (TSX: PRQ) Progress Energy Resources Corp., (“Progress” or the “Corporation”)
today announced that it will be presenting at Enercom’s Oil & Gas
Conference in Denver, Colorado.

Mr. Greg Kist, Vice President of Investor Relations & Marketing of
Progress, will present at 8:25 a.m. (8:25 a.m. Calgary time), on
Tuesday, August 16, 2011.  Interested investors may access the
presentation at http://theoilandgasconference.com/webcast.shtml.

Progress is a Calgary based, mid-size energy company primarily focused
on natural gas exploration, development and production in northwest
Alberta and northeast British Columbia. Common shares of Progress are
listed on the Toronto Stock Exchange under the symbol PRQ.

Advisory Regarding Forward-Looking Statements
Forward Looking Statements – Certain information regarding Progress set
forth in this document, including management’s assessment of Progress’s
future plans and operations, con
tains forward-looking statements that involve substantial known and
unknown risks and uncertainties.  These forward-looking statements are
subject to numerous risks and uncertainties, certain of which are
beyond Progress’s control, including the impact of general economic
conditions, industry conditions, volatility of commodity prices,
currency fluctuations, imprecision of reserve estimates, environmental
risks, competition from other producers, the lack of availability of
qualified personnel or management, stock market volatility and ability
to access sufficient capital from internal and external sources. 
Progress’s actual results, performance or achievement could differ
materially from those expressed in, or implied by, these
forward-looking statements and, accordingly, no assurance can be given
that any of events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits that
Progress will derive therefrom.