ST. JOHN'S, NL Dec. 27) - Petro-Canada has received approval from the Canada-Newfoundland Offshore Petroleum Board (C-NOPB) to resume oil production from wells that were shut in at the Terra Nova oil field--(CCNMatthews - offshore Newfoundland, following the discharge of two barrels of oil from the Terra Nova FPSO on December 20, 2004. Production from the wells - known as "wet wells" because of their produced water content - was approved on December 26, 2004 after Petro-Canada filed its investigation report with the C-NOPB on December 23, 2004.

CALGARY--(CCNMatthews - Dec. 20) - Petro-Canada resumed oil production from the Terra Nova FPSO on December 18. Today, Petro Canada observed an irregularity in the produced water quality and immediately took action to shut in that part of the system. Approximately two barrels of oil were discharged. Petro-Canada immediately notified the Coast Guard and the Canada Newfoundland Offshore Petroleum Board.

CALGARY--(CCNMatthews - Dec. 16) - Petro-Canada's board of directors approved a capital and exploration expenditure program totalling $3.2 billion for 2005, up from an estimated $2.9 billion in 2004.

ST. JOHN'S, NL--(CCNMatthews - Dec. 15) - Petro-Canada initiated the start up process on the Terra Nova Floating Production, Storage and Offloading (FPSO) platform today after a shutdown which commenced on November 21, 2004 following a discharge of oily water from the platform. Approval to resume production from the C-NOPB has been received and Petro-Canada intends to restore production to pre-shutdown levels of 160,000 barrels per day over the next few days.

CALGARY--(CCNMatthews - Dec. 9) - Petro-Canada will host a conference call for analysts and investors on Thursday, December 16, 2004 at 2:30 p.m. Mountain time (4:30 p.m. Eastern time) to discuss Petro-Canada's 2005 CAPEX and Production Outlook, which will be released on December 16, 2004. The media will be invited to ask questions following the analysts and investors. If you are unable to join us on December 16, a postview of the conference call will be available until March 16, 2005.

LONDON--(CCNMatthews - Dec. 7) - Petro-Canada today announced the main fabrication and installation contract awards for the De Ruyter oil field development in the southern North Sea on the Dutch Continental Shelf. Following an open, competitive international tender, two companies - Heerema Zwijndrecht BV and Allseas - were awarded contracts. First oil at De Ruyter is expected in the second half of 2006.

ST. JOHN'S, NL--(CCNMatthews - Dec. 1) - The Canada-Newfoundland Offshore Petroleum Board has advised Petro-Canada that it has completed its investigation and formally lifted the suspension of production, once our recommended mitigation actions are in place. Production was shut down on November 21, 2004, following the discharge of oily water from the Terra Nova Floating, Production, Storage and Offloading (FPSO) platform.

ST. JOHN'S, NL--(CCNMatthews - Nov. 29) - Tests conducted by the Canadian Wildlife Service indicate that oil found on birds in Placentia and St. Mary's Bays over the weekend was consistent with a 'mystery spill' of oil from bilge tanks, and not related to the Terra Nova release of oily water on November 21.

CALGARY--(CCNMatthews - Nov. 29) - Andrew Stephens, Senior Vice-President, Corporate Planning & Communications at Petro-Canada will speak at the Friedman Billings Ramsey 11th Annual Investor Conference in New York on Wednesday, December 1, 2004 at 1:00 p.m. (Eastern Time). The presentation will include information on Petro-Canada's performance, growth strategy and outlook.

ST. JOHN'S, NL --(CCNMatthews - Nov. 26) - Petro-Canada has wrapped up its investigation into the discharge of oily water which occurred November 21st on the Terra Nova FPSO and will be submitting a detailed preliminary report to the Canada-Newfoundland Offshore Petroleum Board later today or tomorrow.

CALGARY, AB and St. John's, NL --(CCNMatthews - Nov. 25) - Petro-Canada will host a conference call for media to provide an update on the incident at Terra Nova at 11:30am MST today.

ST. JOHN'S, NL --(CCNMatthews - Nov. 25) - Petro-Canada emergency response crews are responding to an incident this morning on the mobile drilling unit Henry Goodrich, two kilometres northeast of the Terra Nova FPSO.

ST. JOHN'S, NL --(CCNMatthews - Nov. 23) - Petro-Canada has deployed equipment to assist in the clean up of a discharge of oily water which occurred early Sunday morning at the Terra Nova oil field, 350 kilometres east-south-east of St. John's, Newfoundland.

ST. JOHN'S, Nfld.--(CCNMatthews - Nov. 22) - Clean-up equipment and personnel have been mobilized to help mitigate the impact of an oil spill Sunday, and investigators from Petro-Canada and the Canada-Newfoundland Offshore Petroleum Board are on board the Terra Nova FPSO continuing their investigation.

ST. JOHN'S, Nfld.--(CCNMatthews - Nov. 21) - Petro-Canada is managing a release of crude oil at the Terra Nova site, 350 km east-south-east of St. John's, Newfoundland and Labrador.

CALGARY--(CCNMatthews - Nov. 8) - Petro-Canada today announced that its wholly-owned subsidiary, PC Financial Partnership, has agreed to sell to a syndicate of underwriters $400 million US of 5.00% Notes due November 15, 2014.

CALGARY--(CCNMatthews - Nov. 6) - At approximately 1:20 p.m. on Saturday, November 6, a fire occurred on a service rig owned by Nabors Production Services at a Petro-Canada well site. The well site is located just west of Bearberry (approximately 20 kilometres northwest of Sundre, Alberta). Petro-Canada's emergency response procedure was activated immediately. At this time we have reports of injuries to on-site personnel, and emergency services authorities have responded. The fire is now out and the well site is secure. There is no threat to public safety or to the environment. We will keep the public informed by issuing news releases as required. The cause of the fire is not yet known. We will be initiating a full investigation as soon as the response activities allow.

CALGARY--(CCNMatthews - Nov. 6) - It is with great regret that Petro-Canada confirms a fatality and two serious injuries at our well site west of Bearberry (approximately 20 kilometres northwest of Sundre, Alberta). At about 1:20 p.m. on Saturday, November 6th, a fire occurred on a service rig owned and operated by Nabors Production Services. Completion activities were underway at the sweet natural gas well when the fire started. A Nabors employee suffered fatal injuries at the site, and two employees of Special Services Inc. were hospitalized.

CALGARY--(CCNMatthews - Nov. 4) - Petro-Canada announced today third quarter earnings from operations adjusted for one-time and unusual items of $470 million ($1.77 per share), up 21 per cent from $387 million ($1.46 per share) in the same quarter in 2003. Third quarter 2004 cash flow was $895 million ($3.37 per share), compared with $879 million ($3.31 per share) in the third quarter of last year. Cash flow is before changes in non-cash working capital.

CALGARY--(CCNMatthews - Nov. 4) - Petro-Canada announces a quarterly dividend of $0.15 per share on the outstanding common shares of the Corporation, payable on January 1, 2005 to shareholders of record at the close of business on December 3, 2004.

CALGARY--(CCNMatthews - Nov. 1) - Petro-Canada will host a conference call for analysts, investors and media on Thursday, November 4, 2004 at 7:00 a.m. Mountain Standard Time (MST) to discuss third quarter results, which will be released the same day at 3:00 a.m. MST. Analysts and investors will ask questions first, followed by the media.

CALGARY--(CCNMatthews - Oct. 29) - Ron Brenneman, President & CEO at Petro-Canada will speak at the Merrill Lynch Global Energy Conference in New York on Thursday, November 4, 2004 at 11:45 a.m. (Eastern Time). The presentation will review Petro-Canada's performance, growth strategy and outlook.

CALGARY--(CCNMatthews - Oct. 28) - Petro-Canada and its wholly owned subsidiary, PC Financial Partnership, today filed a preliminary shelf prospectus with the Alberta Securities Commission and a registration statement with the U.S. Securities and Exchange Commission for the offering, from time to time until December 2006, of up to $1 billion US of debt securities. When the new final shelf prospectus and related registration statement are filed, they will replace Petro-Canada's existing base shelf prospectus dated May 14, 2003 and related registration statement.

MOSCOW--(CCNMatthews - Oct. 12) - Petro-Canada's President and Chief Executive Officer, Ron Brenneman, and Gazprom's Management Committee Chairman, Alexey Miller today signed a Memorandum of Understanding (MOU) to investigate a joint liquefied natural gas (LNG) project which would see LNG from Russia shipped to North American markets by 2009.

CALGARY--(CCNMatthews - Oct. 7) - Petro-Canada will host a conference call for analysts and investors on Thursday, November 4, 2004 at 7:00 a.m. Mountain time (9:00 a.m. Eastern time) to discuss third quarter results, which will be released on November 4, 2004. If you are unable to join us on November 4, a postview of the conference call will be available until January 26, 2005.

CALGARY--(CCNMatthews - Sept. 29, 2004) - Petro-Canada today announced the completion of the public offering by the Government of Canada of its remaining 19 per cent stake in the Company. The Government sold its 49,390,104 Petro-Canada common shares at a price of $64.50 Cdn ($50.42 US) per share, for total gross proceeds to the Government of nearly $3.2 billion Cdn ($2.5 billion US).

CALGARY--(CCNMatthews - Sept. 23) - Petro-Canada today filed a final prospectus with securities regulators in connection with the sale of the Government of Canada's remaining 19 per cent stake in the company. The government has agreed to sell all of its 49,390,104 Petro-Canada common shares through a public offering at a price of C$64.50 (U.S.$50.42) per share. This offering price was determined through negotiations between the Government of Canada and the underwriters of the offering.

CALGARY--(CCNMatthews - Sept. 16) - Petro-Canada today announced it will resume purchases of its common shares under the normal course issuer bid filed with the Toronto Stock Exchange (TSX) in June 2004. Purchases of common shares were suspended pending the sale by the Government of Canada of its remaining Petro-Canada shares. Purchasing will resume once the distribution of the shares being sold by the Government of Canada is complete, provided that shares are available for purchase at prices considered acceptable by Petro-Canada. Petro-Canada considers that purchases of its shares will enable it to optimize its financial structure and is consistent with Petro-Canada's strategy of creating value for its shareholders.

CALGARY--(CCNMatthews - Sept. 16) - At the request of the Government of Canada, Petro-Canada today filed a preliminary prospectus with securities regulators in connection with the sale of the government's remaining 19 per cent stake in the company. The Government of Canada is selling all of its 49,390,104 Petro- Canada common shares through a public offering.

CALGARY--(CCNMatthews - Sept. 2) - Andrew Stephens, Vice-President, Corporate Planning and Communications at Petro-Canada will speak at the Peters & Co. Limited 2004 North American Oil & Gas Conference in Toronto on Wednesday, September 15 at 9:15 a.m. (Eastern Time). The presentation will review Petro- Canada's performance, growth strategy and outlook.

CALGARY--(CCNMatthews - Sept. 1) - Kathleen Sendall, Senior Vice-President, North American Natural Gas at Petro-Canada will speak at the Lehman Brothers CEO Energy/Power Conference in New York on Wednesday, September 8 at 1:45 p.m. (Eastern Time). The presentation will review Petro-Canada's performance, growth strategy and outlook.

CACOUNA, QC --(CCNMatthews - Sept. 1) - TransCanada Corporation and Petro-Canada, two of Canada's largest energy companies, have signed a memorandum of understanding (MOU) to develop a liquefied natural gas (LNG) facility, named Cacouna Energy, in Gros Cacouna, Quebec, about 15 kilometres northeast of Riviere-du-Loup. The proposed facility would be capable of receiving, storing, and regasifying imported LNG with an average annual send-out capacity of approximately 500 million cubic feet a day of natural gas.

MONTREAL--(CCNMatthews - Aug. 13) - At approximately 11:25 on Friday, August 13th, 2004, a fire occurred at the No.1 Crude Unit at the Montreal refinery. Jet fuel leaked from a heat exchanger onto the roof of a pump house and caught fire.

CALGARY--(CCNMatthews - July 29) - The Board of Directors of Petro-Canada at a meeting held on the 29th day of July, 2004, declared a quarterly dividend of $0.15 per share on the outstanding common shares of the Corporation, payable on the 1st day of October, 2004 to shareholders of record at the close of business on the 3rd day of September, 2004.

CALGARY--(CCNMatthews - July 29) - Petro-Canada announced today second quarter earnings from operations adjusted for one-time and unusual items of $484 million ($1.82 per share), up 36 per cent from $355 million ($1.34 per share) in the same quarter in 2003. Second quarter 2004 cash flow was $885 million ($3.32 per share) compared with $874 million ($3.30 per share) in the second quarter of last year. Cash flow is before changes in non-cash working capital.

CALGARY--(CCNMatthews - July 23) - Petro-Canada (TSX: PCA, NYSE: PCZ), through its indirect, wholly-owned subsidiary, Raven Acquisition Corp., has successfully completed its cash tender offer for all outstanding common shares of Prima Energy Corporation (NASDAQ: PENG). Over 90 per cent of the outstanding shares were tendered into Petro-Canada's offer of $39.50 US cash per share.

CALGARY--(CCNMatthews - July 14) - Petro-Canada will host a conference call for analysts and investors on Thursday, July 29, 2004 at 7:00 a.m. Mountain time (9:00 a.m. Eastern time) to discuss second quarter results, which will be released on July 29, 2004. If you are unable to join us on July 29, a postview of the conference call will be available until October 27, 2004.

CALGARY--(CCNMatthews - July 6) - (TSX: PCA; NYSE: PCZ) - Brant Sangster, Senior Vice-President, Oil Sands is scheduled to present at the TD Newcrest Oil Sands Forum on July 7 at approximately 9:25 a.m. MDT (11:25 a.m. EDT). The presentation slides and speaker notes will be available on the Investor Centre of the Petro-Canada website, www.petro-canada.ca/eng/investor/4860.htm.

CALGARY--(CCNMatthews - June 24) - Petro-Canada (TSX: PCA; NYSE: PCZ) today announced that an indirect, wholly-owned subsidiary (Raven Acquisition Corporation) has commenced a cash tender offer for all outstanding shares of Prima Energy Corporation (Nasdaq: PENG) at $39.50 per share. This follows the announcement on June 9, 2004 that Petro-Canada had reached a definitive agreement to acquire all outstanding Prima shares.

CALGARY--(CCNMatthews - June 22) - To commemorate International Olympic Day and celebrate Petro-Canada's Olympic legacy, the Petro-Canada Flag Bearer Award will be unveiled today in a ceremony to take place in the Petro-Canada Centre lobby at 12:00pm.

CALGARY--(CCNMatthews - June 18) - Petro-Canada today announced that it has completed the acquisition of a 29.9 per cent interest in the Buzzard field in the United Kingdom North Sea, through the purchase of Intrepid Energy North Sea Limited, Intrepid Energy Limited and Intrepid Energy (U.K.) L.L.C. Shareholder approval for the sale was given on June 7, 2004 and the transaction closed today, June 18, 2004.

CALGARY--(CCNMatthews - June 18) - Petro-Canada announced today that the Toronto Stock Exchange has approved its application to make a Normal Course Issuer Bid for the repurchase of its common shares.

CALGARY--(CCNMatthews - June 17) - This Sunday, the third annual Petro-Canada Deerfoot Run, presented by the Calgary Educational Partnership Foundation, will bring together Calgary's Aboriginal and non-Aboriginal communities to celebrate our Canadian history at Fort Calgary.

CALGARY--(CCNMatthews - June 17) - Petro-Canada today notified the Toronto Stock Exchange (TSX) of its intention to make a Normal Course Issuer Bid for the repurchase of its common shares.

CALGARY--(CCNMatthews - June 9) - Petro-Canada (TSX:PCA, NYSE:PCZ), through a wholly owned subsidiary, has entered into an agreement to acquire all of the outstanding shares of Prima Energy Corporation (Nasdaq:PENG) of Denver, Colorado, for a cash price of US$39.50 per share. This represents a total acquisition price of US$534 million (C$ 719 million). Prima has no debt and is expected to have approximately US$60 million in cash at closing.

CALGARY--(CCNMatthews - June 9) - Earlier today Petro-Canada announced its agreement to acquire Prima Energy Corporation, a U.S. midwest producer of unconventional gas. For more information, media are invited to attend a press conference hosted by Kathy Sendall, Sr. Vice President of North American Natural Gas, today at 9:30 am in the Athabasca Room on the 28th floor of the Petro-Canada West Tower.

CALGARY--(CCNMatthews - June 7) - Harry Roberts, Senior Vice-President and Chief Financial Officer of Petro-Canada (TSX:PCA, NYSE:PCZ), will be presenting at the RBC Capital Markets North American Energy & Power Conference in Boston, Massachusetts on Monday June 7, 2004 at 12:10 p.m. (Eastern Time).

CALGARY--(CCNMatthews - May 28) - Petro-Canada's President & CEO, Ron Brenneman will be in London, England on Wednesday, June 2, 2004 to provide an update on the company's strategies to investors. The presentation will be available through a live interactive webcast or by teleconference.

CALGARY--(CCNMatthews - May 25) - Earlier today Petro-Canada announced its acquisition of Intrepid's Buzzard oil field in the North Sea. To get more information about the deal, media are invited to attend a press conference hosted by CEO Ron Brenneman today at 10:30 am in the Athabasca Room on the 28th floor of the Petro-Canada West Tower.

CALGARY--(CCNMatthews - May 25) - Petro-Canada today announced it has agreed to acquire a 29.9 per cent interest in the Buzzard oil field in the UK North Sea for a sum of US$840 million ($1 150 million Canadian). Buzzard, located 100 kilometres northeast of Aberdeen, is currently under development, with first oil expected by the end of 2006. Buzzard is the largest UK North Sea oil field discovered in over a decade. Petro-Canada's share of peak production is expected to average some 60,000 barrels per day.

MISSISSAUGA, ON--(CCNMatthews - Aug. 5) - With Canada's medal hopefuls headed to Athens to compete in the Olympic games, Petro-Canada is introducing a convenient new way for Canadians to show their support. By purchasing almost any convenience item at a Petro-Canada location, a portion of the sale will go to help Canada's Olympic team.

CALGARY--(CCNMatthews - April 27) - Petro-Canada announced today first quarter earnings from operations of $517 million ($1.94 per share) compared with $485 million ($1.84 per share) on the same basis for the first quarter of 2003. Earnings from operations do not include gains or losses on foreign currency translation and on disposal of assets. First quarter 2004 cash flow was $921 million ($3.46 per share) compared with $991 million ($3.75 per share) in the first quarter of last year. Cash flow is before changes in non- cash working capital.

CALGARY--(CCNMatthews - April 27) - The Board of Directors of Petro-Canada at a meeting held on the 27th day of April, 2004, declared a quarterly dividend of $0.15 per share on the outstanding common shares of the Corporation, payable on the 1st day of July, 2004 to shareholders of record at the close of business on the 3rd day of June, 2004.

CALGARY--(CCNMatthews - April 23) - Notification of First Quarter Results Webcast:

            Petro-Canada (TSX: PCA) (NYSE: PCZ)
            First Quarter Results Webcast
            April 27, 2004, 9:00 AM ET

To listen to this event, please enter http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=789580 in your web browser.

CALGARY--(CCNMatthews - April 22) - Media are invited to attend Petro-Canada's Annual General Meeting of shareholders on Tuesday, April 27th at 11:00 am MDT at the Fairmont Palliser Hotel's Crystal Ballroom in Calgary, Alberta. A press conference will follow in the Oval Room shortly after the AGM.

MISSISSAUGA, ON--(CCNMatthews - April 22) - On Friday April 23, 2004 at 2pm, Petro- Canada retailers across the Greater Toronto Area will participate in Mayor David Miller's "20-Minute Toronto Makeover". Retailers at over 200 Petro-Canada locations will join other Torontonians taking part in the spring clean- up blitz at home, work and school.

FAIRFAX, Va.--(CCNMatthews - Apr 19, 2004) - ExxonMobil Research and Engineering Company (EMRE) announced today that Petro-Canada has selected EMRE's ultra low sulfur diesel technology for their Montreal Refinery.

CALGARY--(CCNMatthews - April 8) - Petro-Canada will host a conference call for analysts and investors on Tuesday, April 27, 2004 at 7:00 a.m. Mountain time (9:00 a.m. Eastern time) to discuss first quarter results, which will be released on April 27, 2004. If you are unable to join us on April 27, a postview of the conference call will be available until July 28, 2004.

CALGARY--(CCNMatthews - April 7) - Petro-Canada achieves another industry first with the national rollout of privately branded Petro-Canada Cashpoint Automated Banking Machines (ABMs). Petro-Canada branded ABMs will replace existing bank machines at over 330 Petro-Canada retail service stations, with plans for additional machines at most new and rebuilt facilities.

LONDON--(CCNMatthews - April 1) - Petro-Canada and its partners Occidental Petroleum Corporation (NYSE: OXY) and Petrofac, following a competitive bidding process, have been selected to enter into negotiations with the Syrian Ministry of Petroleum and Mineral Resources to conclude a contract for the North and South Middle Area Gas project. Negotiations to finalize the terms and conditions of the Production Sharing Contract, with Petro-Canada as operator, will commence immediately.

CALGARY--(CCNMatthews - March 25) - Petro-Canada today filed its audited consolidated financial statements and accompanying notes for the year ended December 31, 2003 and related Management's Discussion and Analysis with Canadian securities regulatory authorities. Petro-Canada has also filed its Annual Information Form for the year ended December 31, 2003, which includes the disclosure and reports relating to reserves data and other oil and gas information required pursuant to National Instrument 51-101 of the Canadian Securities Administrators. With this news release, the Company is reporting these filings as required by NI 51-101. Summary disclosure on these matters was provided earlier, in the Company's fourth quarter and year-end news release issued on January 29, 2004. Copies of all these documents may be obtained via www.sedar.com or the company's Web site, www.petro-canada.ca.

CALGARY--(CCNMatthews - March 23) - The Government of Canada today announced its intention to sell its remaining 49 million Petro-Canada shares during the 2004-2005 fiscal year.

CALGARY--(CCNMatthews - March 4) - Petro-Canada will host an 'Investor Day Conference' in Toronto on Monday, March 8, 2004 to provide financial stakeholders with an opportunity to hear about the corporate strategy and operational plans from the business units. Attendance is by invitation only, but media are welcome to listen in via webcast or teleconference, starting at 10:30am EST or 8:30am MST.

CALGARY--(CCNMatthews - March 2) - Petro-Canada will hold its 2004 Investor Day on Monday, March 8, 2004 in Toronto, Ontario. At this three-quarter of a day event each member of Petro-Canada's Senior Management Team will provide a comprehensive overview of the company's corporate strategy for each of its five core business units which include North American Gas, East Coast Oil, Oil Sands, International and Downstream.

OAKVILLE, ON--(CCNMatthews - Feb. 16) - At approximately 1:20 this afternoon (February 16, 2004), a light sheen of petroleum product was detected on the Lake Ontario shoreline near the dock serving Petro-Canada's Oakville Refinery. The dock is located on Lakeshore Road, close to Burloak Drive. Emergency response procedures were immediately activated and Petro-Canada's marine response team was deployed to the scene. The source of the leak was quickly detected and stopped. It is estimated that approximately 10 barrels of furnace fuel oil, which is similar to diesel fuel, was released. There is no public safety risk.

Building donation second largest ever received by U of C

CALGARY--(CCNMatthews - Feb. 12) - Petro-Canada today donated the Petro-Canada Building, valued at $6.9 million, to the University of Calgary. This gift marks the second-largest donation in the University's history.

CALGARY--(CCNMatthews - Feb. 10) - Stealth submarines, Canadarm2, spinal testing, sour gas pipeline development and the Formula SAE car - what do they have in common? To find out, join us for Petro-Canada's research facility donation to the University of Calgary on February 12, 2004.

CALGARY--(CCNMatthews - Jan. 29) - The Board of Directors of Petro-Canada at a meeting held on the 29th day of January, 2004, declared a quarterly dividend of $0.15 per share on the outstanding common shares of the Corporation, payable on the 1st day of April, 2004 to shareholders of record at the close of business on the 3rd day of March, 2004. The announced quarterly dividend of $0.15 per share represents a 50% increase over the $0.10 per share dividend paid in the fourth quarter of 2003.

CALGARY--(CCNMatthews - Jan. 29) - Petro-Canada announced today fourth quarter earnings from operations of $152 million ($0.57 per share), which include after-tax charges to earnings of $82 million ($0.31 per share) relating to the original refinery conversion plan at Edmonton and $51 million ($0.19 per share) for the increase in Ontario tax rates. Excluding the above noted items, earnings from operations were $285 million ($1.07 per share) compared with $370 million ($1.40 per share) on the same basis for the fourth quarter of 2002. Earnings from operations do not include gains or losses on foreign currency translation and on disposal of assets. Fourth quarter 2003 cash flow was $628 million ($2.37 per share), down from $807 million ($3.06 per share) in the fourth quarter of last year. Cash flow is before changes in non-cash working capital.

CALGARY--(CCNMatthews - Jan. 8) - Petro-Canada will host a conference call for analysts and investors on Thursday, January 29, 2004 at 2:15 p.m. Mountain time (4:15 p.m. Eastern time) to discuss fourth quarter results, which will be released on January 29, 2004. If you are unable to join us on January 29, a postview of the conference call will be available until April 26, 2004.