Funds Managed by Libra Advisors, LLC Acquire Units of 3P International Energy
Corp. for Investment Purposes

TORONTO, Oct. 6 /CNW/ - Libra Advisors, LLC ("Libra") announced today that Libra Fund, L.P. and Libra Offshore Master Fund, L.P. (the "Funds") acquired 4,000,000 Units of 3P International Energy Corp. ("3P International") at a price of $0.25 per unit. Each unit is comprised of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share in the capital of 3P International at a price of $0.70 for a period of 24 months following the date of closing.

As a result of the acquisition, the Funds now hold 4,000,000 common shares representing approximately 12.0% of the total outstanding common shares of 3P International, and 4,000,000 warrants of 3P International that, if exercised, would result in the Funds' holding approximately 21.4% of the total outstanding common shares of 3P International.

The Funds acquired the common shares and warrants for investment purposes and may, from time to time, acquire additional securities of 3P International or dispose of such securities as they may deem appropriate.

Libra is the investment advisor to Libra Fund, L.P. and Libra Offshore Master Fund, L.P. with principal offices at 909 Third Avenue, 29th Floor, New York, NY 10022.

For further information: Mr. Ranjan Tandon, Managing Member, at [phone]