Progress to Present at Barclays Capital CEO Energy-Power Conference

Sep 7, 2011

CALGARY, Sept. 7, 2011 /CNW/ – (TSX – PRQ) Progress Energy Resources
Corp., (“Progress” or the “Company”) today announced that it will be
presenting at Barclays Capital CEO Energy-Power Conference in New York,
New York.

Mr. Daniel Topolinsky, Executive Vice President of Exploration and
Development of Progress, will present at 3:05 p.m. (1:05 p.m. Calgary
time), on Thursday, September 8, 2011.  Interested investors may access
the presentation at http://cc.talkpoint.com/barc002/090611a_lp/?entity=83_FED2B48.

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, contains 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.