PetroKamchatka Plc (TSXV: PKP) issues common shares to directors for services
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ST. HELIER, JERSEY, Oct 6 /CNW/ - PetroKamchatka Plc ("PetroKamchatka") has issued 1,094,162 common shares at $0.03 per share to four directors who have elected to accept such shares as a portion of their annual remuneration. This amount is for the period from July 1, 2010 to September 30, 2010 and represents one-half of remuneration owed to these individuals for this period. The balance of directors fees earned in this period are paid in cash.

An application has been made to the TSXV for approval of this share issuance.

About PetroKamchatka
PetroKamchatka is an international junior oil exploration company incorporated in the Bailiwick of Jersey with core properties located in the Kamchatka Peninsula of the Russian Federation. For further information, please visit the PetroKamchatka Plc website at www.petrokamchatka.com.

Neither the 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.

For further information:

PetroKamchatka Plc
Graeme Phipps
President and Chief Executive Officer
9 Esplanade
St. Helier, Jersey,
Tel: [phone] or [phone]
Email: [email protected]

PetroKamchatka Services Inc.
Calvin Brackman
Vice President, Corporate Planning
c/o 1000, 505 - 3rd Street S.W.
Calgary, Alberta, Canada
T2P 3E6
Tel: [phone]
Cell: [phone]
Email: [email protected]