Pacific Asia Petroleum, Inc. (OTCBB:PFAP) achieved a score of 99 out of 100 from Audit Integrity, the pre-eminent evaluator of risk, transparency and reliability in corporate accounting and governance. This places Pacific Asia Petroleum in the 100th percentile among the 12,000+ companies rated for Accounting and Governance Risk (AGR) by Audit Integrity.

The new rating is a further improvement on Pacific Asia Petroleum’s already impressive 97% percentile ranking achieved in Audit Integrity’s May 2009 audit.

Walter Smiechewicz, Chief Consultant of Governance & Risk for Audit Integrity, said, “AGR is a proven statistical measure of good governance and transparent accounting. Today, we believe that measure is more critical than ever when evaluating a company’s performance.”

Audit Integrity, Forbes Magazine's auditing partner in the "100 Most Trustworthy Companies," is a leading provider of accounting and governance risk analysis on public companies. It looks beyond the raw data on income statements and balance sheets to assess the true quality of corporate accounting and management practices.

Commenting on the Company's most recent AGR score, President and CEO, Frank C. Ingriselli, said, "We are extremely pleased with this important recognition of our continuing efforts to translate our core values of transparency, risk reduction, and integrity into maximizing shareholder value. That we have continued to raise the bar, from last year's score, is a point of special pride. Whether it be revenue recognition, strategic partnerships, or accounting, we will remain fiscally conservative, socially conscious and always act in a legally responsible manner to protect our shareholders.”

For more information about Pacific Asia Petroleum's AGR report, please visit Pacific Asia Petroleum's corporate website at www.papetroleum.com or go directly to Audit Integrity's website at www.auditintegrity.com.

About Pacific Asia Petroleum, Inc.:

Pacific Asia Petroleum, Inc. engages in the business of oil and gas exploration, development, production and trading in Asia and the Pacific Rim countries, with a specific focus on developing a broad range of energy opportunities, including clean and environmentally-friendly natural gas ventures, in China. The Company's executive offices are located in Hartsdale, New York, and the company also has offices located in Beijing, China and California.