Petro-canada Supports The U Of A With A Prestigious Scholarship Program

Thursday, January 11, 2007

Ron Brenneman, President and Chief Executive Officer of Petro-Canada presented a cheque for $1 million to University of Alberta President Indira Samarasekera. They are joined by the students selected to receive Petro-Canada's new Emerging Leaders awards.

These scholarships will assist post-secondary students in areas of study related to Petro-Canada's business. Valued from $2,500 to $4,000 each, this year's awards will go to nine students enrolled in engineering, science and business. Conditional on meeting annual requirements, these awards will be given on a yearly basis until graduation.

Petro-Canada's Emerging Leaders Awards Program was created to help address the country's skilled labour shortage and is being proactively established by the company in a number of post-secondary institutes across the country.

Petro-Canada is one of Canada's largest oil and gas companies, operating in both the upstream and the downstream sectors of the industry in Canada and internationally. The Company creates value by responsibly developing energy resources and providing world class petroleum products and services. Petro-Canada is proud to be a National Partner to the Vancouver 2010 Olympic and Paralympic Winter Games. Petro-Canada's common shares trade on the Toronto Stock Exchange under the symbol PCA and on the New York Stock Exchange under the symbol PCZ.

-30- For more information please contact: Media and general inquiries: Michelle Harries, Corporate Communications Petro-Canada (Calgary) (403) 296-3648 Email: [email protected] Website: www.petro-canada.ca

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