Progress to Webcast its Investor Day

CALGARY, Nov. 8 /CNW/ - (TSX - PRQ) Progress Energy Resources Corp., ("Progress" or the "Company") will hold its inaugural Investor Day on Tuesday, November 9, 2010 in Calgary, Alberta and on Wednesday, November 10, 2010 in Toronto, Ontario.  Progress' management will provide investors with an overview of the strategy, performance and outlook for the Company's Montney and Tight Gas opportunities.

To accommodate a wider audience, the presentation on Wednesday, November 10, 2010 in Toronto will be webcast and can be accessed at the Webcast URL indicated below.  It is recommended that users access the webcast approximately 10 minutes before its scheduled start time.  If you are unable to listen to the live webcast, an archive of the day's presentations will be available within 24 hours of the event and will be available on Progress' website for approximately 90 days.

URL: http://event.on24.com/r.htm?e=263177&s=1&k=DCBC1C9850B8BE914288546FA33D31E6

Slides from the presentation will be accessible on the Company's website at www.progressenergy.com on the morning of November 9, 2010.

Progress is a Calgary based, mid-size energy company primarily focused on natural gas exploration, development and production in northwest Alberta and northeast British Columbia. Common shares of Progress are listed on the Toronto Stock Exchange under the symbol PRQ.

Advisory Regarding Forward-Looking Statements
Forward Looking Statements - Certain information regarding Progress set forth in this document, including management's assessment of Progress's future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties.  These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond Progress's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources.  Progress's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Progress will derive therefrom.

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For further information:

contact Greg Kist, Vice President, Investor Relations and Marketing, Progress Energy Resources Corp., at 403-539-1809 ([email protected])