NEWSROOM

    TORONTO, Nov. 14 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE)
announced today that it will file its financial statements for the financial
quarter ending September 30, 2008, together with its management's analysis and
discussion of financial results, at the end of the day.
    The company's senior management will discuss the company's financial
results during a conference call scheduled for Monday, November 17, 2008, at
4:00 p.m. Eastern Standard Time.Call-in details are as follows:

      Toronto & International: +1 (416) 644 3422
      North America: +1 (800) 732 0232Pacific Rubiales, a Canadian-based company and producer of natural gas
and heavy crude oil, owns 100 percent of Meta Petroleum Limited, a Colombian
oil operator which operates the Rubiales and Piriri oil fields in the Llanos
Basin in association with Ecopetrol S.A., the Colombian national oil company.
The company is focused on identifying opportunities primarily within the
eastern Llanos Basin of Colombia as well as in other areas in Colombia and
northern Peru. Pacific Rubiales has a current net production of approximately
30,000 barrels of oil equivalent per day, with working interests in 34 blocks
in Colombia and Peru.
    Boe may be misleading, particularly if used in isolation. A boe
conversion ratio of 6 mcf:1 bbl is based on an energy equivalency conversion
method primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead.