Passport Energy Ltd. Provides Saskatchewan and Montana Update

Calgary, Alberta CANADA, July 29, 2011 /FSC/ - Passport Energy Ltd. (PPO - CNSX)("Passport" or the "Company") is pleased to announce an update on its Hardy S 1A4-16-4B4-9-04-21W2 well (the "Hardy 4-16 well") located in south-eastern Saskatchewan based on information provided to us by its partners American Eagle Energy Inc. and Eternal Energy Corp.

The first development well in the field, Hardy S HZ 1A4-16-4B4-9-4-21W2, was drilled and cased in May, 2011. Completion plans included a 29-stage fracture stimulation of the Bakken horizontal well that placed a total of 429,000 pounds of sand and 6,400 barrels of water in the 1370 meter lateral section.

The well is currently being evaluated and is projected to be placed on pump in the first week of August. Additional locations are being considered for the 2011 drilling program pending the outcome of the well testing.

We are pleased to report we have hired Matt Donais Geol. I.T. as a project consultant to perform mapping and exploration work of our land package in Northern Montana. Focus will be on the Alberta Bakken and several other prospective formations within the area. The company continues to evaluate its "SweetGrass Arch" Prospect, located in Toole and Pondera Counties, Montana of which it currently owns 60% in over 43,000 gross acres of oil and gas leases. In recent months there have been a number of positive activities of exploration, appraisal and development drilling programs in and around the area by several companies including Anschutz Exploration (private), Newfield Exploration (NFX) and Rosetta Resources (Rose).


About Passport Energy Ltd.

Passport Energy is a junior natural resource exploration company focused on the acquisition, exploration, and development of economically viable natural resources, with a focus on Bakken oil and gas projects. The Company currently owns 60% in over 43,000 gross acres of oil and gas leases in "The SweetGrass Arch" Prospect, located in Toole and Pondera Counties, Montana. The SweetGrass Arch prospect has significant gas potential and Bakken oil potential. The Company has entered into a Farm-in Agreement allowing it to earn a 25% interest on up to two wells and associated acreage in the Hardy Bakken Field in south-eastern Saskatchewan, while the Company continues to seek additional oil and gas opportunities.

The Company trades on the CNSX under the trading symbol "PPO".

The CNSX does not accept responsibility for the adequacy or accuracy of this news release.

For more information, please refer to the Company's public documents available on SEDAR (www.sedar.com).


For further information contact:

Frank Port
President & COO - Director
Tel: 1-403-930-4063
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.passportenergy.com