PET Peat Resources Ltd. (delisted)

Peat Resources Limited (TSX VENTURE: PET) announces that 318,000 shares that have been held in escrow by Computershare Trust Company of Canada (and its predecessor Montreal Trust Company) for La Prairie Ltd. since May 14, 1984 will be released from escrow on March 25, 2010.

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.

Contacts: Peat Resources Limited Peter Telford President and CEO 416 862-7885 416 862-7889 (FAX) peatfuel@peatresources.com www.peatresources.com