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NEWS RELEASE TRANSMITTED BY Marketwire

FOR: PAN ORIENT ENERGY CORP.

TSX VENTURE SYMBOL: POE - | View Quote |  View Chart |  View Financials | 

Pan Orient Acquires 67% of Andora

Sep 25, 2006 - 07:30 ET

CALGARY, ALBERTA--(CCNMatthews - Sept. 25, 2006) -

NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Further to the press releases dated June 29, 2006 and August 1, 2006, Pan Orient Energy Corp. ("Pan Orient") (TSX VENTURE:POE) is pleased to announce that it now owns approximately 67% of the outstanding Andora Energy Corporation ("Andora") shares. In addition to Pan Orient's controlling interest in Andora, under the terms of the agreements, three of the five Andora directors and the Andora CEO and CFO are now nominees of Pan Orient.

On September 20, 2006, Pan Orient acquired a final 13,369,991 Andora shares, bringing its total share ownership in Andora to 28,351,472 shares (67%), representing the maximum amount Pan Orient had agreed to acquire. For further information on the amalgamation agreement please refer to Andora's Management Circular dated August 24, 2006 posted on SEDAR under Pan Orient on September 13, 2006.

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.

Pan Orient Energy Corp.
Jeff Chisholm
President and CEO
(403) 294-1770

or

Pan Orient Energy Corp.
Jason Bednar
Vice President Finance and CFO
(403) 294-1770
Email: jason@panorient.ca

or

Andora Energy Corporation
Tyler Cran
President
(403) 538-8441
Email: tcran@andoraenergy.com