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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 Announces Filing of Reserves Data

May 03, 2006 - 12:20 ET

CALGARY, ALBERTA--(CCNMatthews - May 3, 2006) - Pan Orient Energy Corp. (TSX VENTURE:POE) ("Pan Orient" or the "Company") is pleased to announce that it has filed its Statement of Reserves Data and Other Information (Form 51-101F1), Report on Reserves Data by an Independent Qualified Reserves Evaluator (Form 51-101F2) and Report of Managers and Directors on Reserves Data and Other Information (Form 51-101F3) as part of the Company's continuous disclosure requirements and in compliance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities and Regulation 51-101 respecting standards of disclosure for oil and gas activities. These filings may be viewed in their entirety on SEDAR.

Pan Orient is a Calgary, Alberta based oil and gas exploration and production company with operations currently located onshore Thailand and in Western Canada.

This news release is not for dissemination in the United States or to any United States news services. The common shares of Pan Orient have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S." Securities Act") or any state securities laws and may not be offered or sold in the United States or to any U.S. person except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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 Chief Executive Officer
(403) 294-1770

or

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