Progress to Present at CIBC World Markets 2009 Whistler Institutional Investor Conference



    CALGARY, Feb. 17 /CNW/ - (TSX - PRQ) Progress Energy Resources Corp.,
("Progress" or the "Company") today announced that it will be presenting at
the CIBC World Markets 2009 Whistler Institutional Investor Conference in
Whistler, British Columbia.
    Mr. Michael Culbert, President and Chief Executive Officer of Progress,
will present at 8:00 a.m. (9:00 a.m. Calgary time, 11:00 a.m. Toronto time),
on Thursday, February 19, 2009. Interested investors may access the
presentation at http://events.startcast.com/events6/118/whistler2009/.
    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.

    %SEDAR: 00020978E




For further information:

For further information: Greg Kist, Vice President, Investor Relations
and Marketing, Progress Energy Resources Corp., at (403) 539-1809,
(gkist@progressenergy.com)

Organization Profile

Progress Energy Canada Ltd.

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