PRD ENERGY ANNOUNCES ANNOUNCES CLOSING OF INSIDER PRIVATE PLACEMENT

CALGARY, Nov. 11 /CNW/ - PRD Energy Inc. (TSX Venture: PRD) ("PRD " or the "Company") announced today that further to its news release of October 15, 2010 it has completed the private placement financing involving certain directors, officers and consultants of the Company for an aggregate of 1,854,285 common shares of the Company at a price of $0.35 per share for proceeds of approximately $649,000.  The common shares are subject to a four-month hold period.

PRD Energy Inc. is a Calgary-based oil and natural gas company engaged in the exploration for and the acquisition, development and production of natural gas and crude oil, principally internationally as well as in Western Canada.  The Company's common shares trade on the TSX Venture Exchange under the symbol "PRD".

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.

For further information:

Michael Greenwood, Chairman and Chief Executive Officer
Mark Hornett, President and Chief Operating Officer

Telephone: [phone]
Facsimile: [phone]