Parex Resources to Present at the Haywood Energy Conference


CALGARY, ALBERTA--(Marketwire - Feb. 16, 2011) -

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Parex Resources Inc. ("Parex") (TSX VENTURE:PXT) announces that Mr. Wayne Foo, President and CEO, is scheduled to present at the Haywood Energy Conference in San Francisco on February 17, 2011.

Corporate Overview

Parex, through its direct and indirect subsidiaries, is engaged in oil and natural gas exploration, development and production in South America and the Caribbean region. Parex is conducting exploration activities on its 595,000 acre holdings in the Llanos Basin of Colombia and 223,500 acre holdings onshore Trinidad. Parex is headquartered in Calgary, Canada.

This news release does not constitute an offer to sell securities, nor is it a solicitation of an offer to buy securities, in any jurisdiction.

Contact Information: Parex Resources Inc.
Michael Kruchten
Manager, Investor Relations
(403) 517-1733
(403) 265-8216 (FAX)
or
Parex Resources Inc.
Kenneth G. Pinsky
Vice President, Finance and Chief Financial Officer
(403) 517-1729
(403) 265-8216 (FAX)