Annual General and Special Meeting Results

VANCOUVER, Jan. 4 /CNW/ - Great Pacific held its annual general and special meeting of shareholders on Thursday, December 30, 2010. At the Meeting, Company shareholders re-elected Thal S. Poonian, Ronald Bobowski, Mike Robichaud and Asif Khan as Directors of the Company.  Manning Elliot Chartered Accountants were re-appointed as the auditor.  The Company's stock option plan was renewed by a disinterested shareholder vote.

At a Director's meeting held immediately following the annual and special general meeting the Company Director's elected officers as follows; Mr. Thal S. Poonian as President and CEO, Mr. John (Jack) Cruise as CFO and Mr. Mike Robichaud as Secretary.  The board also appointed the members of its Audit Committee (Messrs. Bobowski, Cruise and Robichaud) and Compensation Committee (Messrs. Khan, Bobowski and Robichaud). 

On December 20, 2010 the Company announced that it had closed the first tranche of a private placement previously announced on December 1, 2010. The TSX Venture Exchange granted final approval of the first tranche on December 23, 2010.  On December 29, 2010 the Company received conditional approval of the second and final tranche of this private placement and expects to complete this transaction shortly.   

About Great Pacific International

Great Pacific International is a public company actively engaged in the exploration and development of crude oil and natural gas. GPI currently owns over 25,000 gross acres of P&NG leases (over 23,500 net acres) in the Western Canadian Sedimentary Basin. The Company's strategy is focused on creating value for shareholders by acquiring and developing petroleum and natural gas leases primarily in western Canada. Great Pacific's shares are listed on the TSX Venture Exchange under the symbol GPI.

Neither 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 press release, which has been prepared by management.

Trading on TSX.V   -  Symbol GPI


SOURCE Great Pacific International Inc.

For further information:

contact Thal S. Poonian, President & CEO at 604-940-9190, toll free 1-877-942-8765 or by email tpoonian@telus.net.

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Great Pacific International Inc.

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