2009-08-10-2008-06-01-2008-08-01

Bought 30% beneficial interest in 36 exploration permits.

Petrolympic Ltd., Montreal, (CDNX: PCQ) has closed its acquisition of a 30% beneficial interest in 36 exploration permits in Quebec from Quebec-based Ressource & Energie Squatex Inc. for C$2.5 million. The exploration permits cover 672,438 hectares in the St. Lawrence Lowlands, Bas St-Laurent and Gaspe Peninsula.