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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 Provides Sawn Lake Update

Feb 22, 2006 - 15:11 ET

CALGARY, ALBERTA--(CCNMatthews - Feb. 22, 2006) -

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

Pan Orient Energy Corp. (TSX VENTURE:POE) ("Pan Orient") has been informed by the operator that production testing has resumed on the first well of the 2006 program at Sawn Lake, Alberta (Pan Orient 10% W.I.). Signet Energy, the operator of the Sawn Lake Heavy Oil project, has informed Pan Orient that a service rig and crew have successfully resolved mechanical issues that arose upon the initial testing of the well in mid January. Service rig availability had delayed the equipment repair. Pan Orient will release further information on the status of the well as flow rates and other relevant information becomes available.

In November 2004 Pan Orient commissioned a third party engineering evaluation of the Sawn Lake Heavy Oil project in accordance with the National Instrument 51-101, "Standards of Disclosure for Oil and Gas Activities" (NI 51-101) through AMJ Petroleum Consultants "AMJ". AMJ estimated a maximum of 1.2 billion barrels of original oil in-place (120 million barrels net to Pan Orient) with an estimated recovery factor of 8% resulting in 9.6 million barrels of potentially recoverable resources net to Pan Orient.

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

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information. Actual future results may differ materially from those contemplated.

27,681,973 common shares issued
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