NEWSROOM

TORONTO, Nov. 20, 2012 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) has scheduled a telephone conference call for investors and analysts on Wednesday November 21, 2012 at 8:00 a.m. (Bogotá and Toronto time) / 11:00 a.m. (Rio de Janeiro time) to discuss the Company's recent agreement to acquire C&C Energia. Participants will include Ronald Pantin, Chief Executive Officer, and selected members of senior management.

The live conference call will be conducted in English with consecutive Spanish translation.

Analysts and interested investors are invited to participate using the dial-in numbers as follows:

Participant Number (International/Local):  (888) 231-8191
Participant Number (Toll free Colombia):  01-800-518-0661
Participant Number (Toll free North America):  (647) 427-7450
Conference ID:     73502094

The conference call will be webcast, which can be accessed through the following link: http://www.pacificrubiales.com.co/investor-relations/webcast.html.

A replay of the call will be available until 23:59 pm (Toronto time), December 5, 2012, which can be accessed as follows:

Encore Toll Free Dial-in Number: 1-855-859-2056
Local Dial-in-Number:   416-849-0833
Encore ID:     73502094

Pacific Rubiales, a Canadian-based company and producer of natural gas and heavy crude oil, owns 100 percent of Meta Petroleum Corp., a Colombian oil operator which operates the Rubiales, Piriri and Quifa oil fields in the Llanos Basin in association with Ecopetrol, S.A., the Colombian national oil company, and 100 percent of Pacific Stratus Energy Corp. which operates the La Creciente natural gas field, and light oil assets from the recent acquisition of PetroMagdalena Energy Corp.

The Company's common shares trade on the Toronto Stock Exchange and La Bolsa de Valores de Colombia and as Brazilian Depositary Receipts on Brazil's Bolsa de Valores Mercadorias e Futuros under the ticker symbols PRE, PREC, and PREB, respectively.

This news release was prepared in the English language and subsequently translated into Spanish and Portuguese.  In the case of any differences between the English version and its translated counterparts, the English document should be treated as the governing version.

SOURCE: Pacific Rubiales Energy Corp.