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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 Issues 378,324 Shares for Citarum

Jun 18, 2008 - 17:33 ET

CALGARY, ALBERTA--(Marketwire - June 18, 2008) - 

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

Pan Orient (TSX VENTURE:POE) has now issued 378,324 Common Shares to arm's length parties as part of the purchase consideration of the Citarum PSC, onshore West Java, Indonesia, as previously announced on June 12, 2008. Pan Orient now has 45,769,766 shares issued and outstanding. A cash finder's fee of $345,000 USD was also paid to an arm's length party.

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

45,769,766 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