Pacific Stratus Announces Filing of Amended Third Quarter Financial Statements

    TORONTO, Dec. 7 /CNW/ - Pacific Stratus Energy Ltd. (TSX: PSE) announced
the filing of amended financial statements for the three and nine-month
periods ended September 30, 2007. This amendment, which has no impact on
previously-reported earnings, gives effect to a correction of the number of
common shares outstanding as listed on the consolidated statement of
shareholders' equity and accumulated other comprehensive income to 49,454,573
from the previously reported 48,064,921.
    Amended financial statements reflecting these changes have been filed on
SEDAR ( and the company's website.

    Pacific Stratus Energy is a Canadian-based oil and gas company that
initiated operations in 2004. The company is focused on identifying attractive
opportunities primarily within the upstream Sub Andean basins. Pacific Stratus
has a current net production of 1,900 barrels of oil per day, with working
interests in the Caguan, Dindal, Rio Seco, Puli B, La Creciente, Moriche,
Guama and Arauca blocks in Colombia and blocks 135, 137 and 138 in Peru. The
company has offices in Toronto, Caracas and Bogota. Further information is
available on our website at

    %SEDAR: 00008913E

For further information:

For further information: Nelson Lee, Chief Financial Officer, (416)

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Pacific Stratus Energy Corp.

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