TSXgroup

February 4, 2008

ORIGINAL LISTING

Pacific Rubiales Energy Corp. – (the “Company”) – An application has been granted for the original listing in the Oil & Gas category of 1,629,039,979 common shares of which 1,188,381,038 common shares will be issued and outstanding and 440,658,941 common shares will be reserved for issuance. An application has also been granted for the listing of 267,604,588 common share purchase warrants (“Warrants”), all of which will be issued and outstanding.

The common shares and Warrants will be listed and posted for trading at the opening on Wednesday, February 6, 2008.

The Company is subject to the reporting requirements of Section 501 of TSX's Company Manual.

Common Shares
Stock Symbol: “PEG”
CUSIP: 69480U 10 7
Trading Currency: CDN

Warrants
Stock Symbol: “PEG.WT”
CUSIP: 69480U 11 5
Trading Currency: CDN

Temporary Market Maker: GMP Securities L.P.

Other Markets: The common shares (Symbol: PEG) and Warrants (Symbol: PEG.WT) have been listed on TSX Venture Exchange since June 11, 1986 and November 13, 2007, respectively. The common shares and Warrants will be delisted from TSX Venture Exchange prior to the opening on Wednesday, February 6, 2008.

Head Office Address:
Suite 1400, 220 Bay Street
Toronto, Ontario
M5J 2W4

Head Office Telephone Number: (416) 362-7735

Fax Number: (416) 360-7783

Email: jfarata@pacificstratus.com

Website: www.petrorubiales.com

Investors Relations: Henri Perron
Renmark Financial
Tel.: (416) 644-2020
Email: hperron@renmarkfinancial.com

Chief Financial Officer: Carlos Perez

Corporate Secretary: Jay Sujir

Incorporation: The Company was incorporated under the laws of the Province of British Columbia on April 10, 1985, as Agincourt Explorations Inc. The Company underwent a name change to “Petro Rubiales Energy Corp.” on July 13, 2007.

Fiscal Year End: December 31

Nature of Business: The Company is engaged in the exploration and exploitation of hydrocarbons, and the exploration, development and production of certain oil and gas properties in the Republic of Colombia.

Transfer Agent & Registrar: Pacific Corporate Trust Company at its principal office in Vancouver and Pacific Corporate Services Ltd., as co-transfer agent and registrar at its office in Toronto.

Dividends: The payment of dividends in the future will be dependent on financial requirements of the Company, the need for funds to finance ongoing operations and other business considerations as the board of directors of the Company considers relevant.

Warrants: The Warrants are governed by the terms of a warrant indenture between the Company and Pacific Corporate Trust Company. The warrant indenture provides for appropriate adjustments to the Warrants in the event of stock dividends, subdivisions, consolidations and other terms of capital reorganization.

Each Warrant will entitle the holder to acquire one common share of the Company at a price of $1.30 per share on or before 4:00 p.m. (Vancouver time) July 12, 2012.