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Salazar Resources Limited press release

Pennine Petroleum Corporation Announces Change of Corporate Address and Auditor

TSXV - TSX Venture Exchange · Copper · Gold · Silver · Zinc · Canada

Mar. 17, 2011 (TheNewswire.ca) --

March 17, 2011 - CALGARY, ALBERTA - Pennine Petroleum Corporation (TSXV:PNN) (PNN on TSX.V)(the "Company") announces the change of auditors from Deloitte & Touche LLP, Chartered Accountants to DNTW Chartered Accountants LLP effective March 15th, 2011.

The Company has also moved its corporate address to McLeod & Company LLP, 3rd Floor, 14505 Bannister Rd. S.E. Calgary Ab. T2X 3J3.

About Pennine Petroleum Corporation

Pennine Petroleum Corporation is an emerging oil and gas exploration and development company active in Alberta, Saskatchewan, and British Columbia. The Company's strategy is based on increasing cash flow by focusing on drilling and well re-completions on selective land areas where it currently operates.

For further information, contact:

Pennine Petroleum Corporation

N. Desmond Smith

T: 403 277-4421

F: 403 277-4439

E: des.smith@penninecorp.com

Boardmarker Group

Dean Stuart

T: 403 517 2270

E: dean@boardmarker.net

Neither 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.

Copyright (c) 2011 Thenewswire.ca - All rights reserved.

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