Petrocapita Income Trust - Alberta Land Acquisition

Calgary, Canada, October 11, 2010 --(PR.com)-- Petrocapita Income Trust is pleased to announce the purchase of LSDs 1,7,8 of 36-48-21-W3M with 5 re-entry targets. This acquisition brings Petrocapita’s asset base to:

§ LSDs 1,7,8 of 36-48-21-W3M
§ LSDs 2,11,12 of 22-50-2-W4M
§ LSDs 2,3,4,5,11,12 & 15 of 28-50-2-W4M
§ 13 LSDs
§ 10 re-entry targets
§ 3 producing wells

Stephen Johnston, managing director at Petrocapita Income Trust, commented that "The CRB has experienced an approximately 60% recovery to around 485, a new all time high, surpassing its previous high of 481 set in July 2008. Why such a rapid rebound in commodity prices? I believe it represents a combination of real price increases due to superior supply & demand fundamentals in agriculture and energy and a healthy dose of nominal re-pricing to offset ongoing currency debasement. Via alternative investment funds such as Petrocapita, investors can get highly efficient and targeted exposure to themes in which they believe. Alternative investment funds are often small and nimble enough to take advantage of niche strategies that can’t be exploited by their often less innovative mainstream counterparts. This seems particularly the case then dealing with small but accretive acquisitions in the oil & gas space. Smaller transactions attract less competition and are often more competitively priced, particularly in western Canada.”

Petrocapita is a Calgary based energy investment trust built around the core premise that the world is in a bull market in commodities driven by inflation and a step-change increase in demand and, accordingly, that investments with direct or indirect exposure to commodities in a politically stable environment such as Canada will provide above average returns. Petrocapita was designed to fill the niche formerly occupied by the public energy income trusts and is building a portfolio of oil assets with a focus on low cost acquisition of cash flow. Petrocapita is eligible for all registered plans including RRSPs and TFSAs.

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