PTT Primera Energy Resources Ltd.

Primera Energy Resources Ltd. ("Primera" or the "Company") (TSX VENTURE:PTT) is
pleased to announce a 21% increase in oil production in the first quarter of
2011 compared to Q1 last year. Also revenue was 44% higher in the first quarter
increasing to $2,023,293 as oil prices also saw an increase of 19% to $85.78 per
barrel in the period. 


Operating costs per barrel stayed relatively steady at $6.32 per barrel compared
to $6.20 in the comparable period last year. General and administrative (G&A)
costs per barrel decreased to $8.87 per barrel from $9.59 for the first quarter
last year as the Company continues to focus its efforts largely in Trinidad with
attendant savings in G&A.


The provision for Depletion, depreciation and amortization (DD&A) decreased
substantially to $151,072 or $6.37 per barrel compared to $171,129 or $11.54 per
barrel in the first quarter last year. As the Company has now converted to the
International Financial Reporting Standard this quarter the DD&A provision will
now be calculated using prove and probable reserve s versus just the proved
reserves in the past as the depleteable base the DD&A provision should continue
to be lower than in the past under Canadian Generally Accounting Principles
(Canadian GAAP).


The Company had a working capital surplus at the end of the quarter of
$2,303,909 which included cash of $3,725,805 compared to working capital and
cash of $2,999,876 and $4,355,577 respectively for the first quarter end last
year.


The Company spent $641,242 on capital during the three month period ended March
31, 2011. Cost for Cory Moruga drilling and completions were $521,693 and
drilling costs for the WD4 development property was $119,549 as the two well
initial drilling program was just getting underway. The drilling of the two
wells in WD4 was finished in the second quarter and completed and these wells
were placed on production and producing approximately 450 barrels of oil per
day.


At Cory Moruga the Firecrown -1 well was deepened to approximately 10,300 feet
and with this operation the Ministry deemed that the earning requirements had
been met under the license. 


At Block WD-4 the company has commenced Phase 2 of its current drilling program
which involves the drilling of 4 additional wells in the last quarter of this
year. The Company anticipates that Phase 2 of this program shall substantially
increase the oil production on this block.


Primera's Q1- 2011 financial statements and the management discussion and
analysis (md&a) have been filed on SEDAR, which is accessed electronically from
www.sedar.com.


Statements in this press release may contain forward looking-information
including expectations of future operations and plans. The reader is cautioned
that assumptions used in the preparation of such information may prove to be
incorrect. Events or circumstances may cause actual results to differ materially
from those predicted, a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the control of the
issuer. These risks include, but are not limited to, the risks associated with
the oil and gas industry, commodity prices and exchange rates changes. Industry
related risks could include, but are not limited to, operational risks in the
development and production, delays or changes in plans, risks associated to the
uncertainty of reserve estimates or reservoir performance, health and safety
risks and the uncertainty of undue reliance on the forward-looking information.

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