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Source MARKET NEWSDate 05/26/2008Time 04:22:00 AM Company Pennine Petroleum CorporationTitle OSC Delinquent Filer; Annual Financial Statement CDNX Symbol: PNN Press Release PENNINE PETROLEUM CORP ("PNN-V;PNNEF-0")- OSC Delinquent Filer; Annual Financial StatementsOSC Delinquent Filer Noticefor May 26, 2008 The Company is delinquent in its Annual Financial StatementsOntario securites law requires that Annual Financial Statements be filedwithin 140 days of the fiscal year end. This issuer has not filed an annual or interim management's discussionand analysis (MD&A) or annual or interim management report of fundperformance (MRFP). This issuer has failed to file a certification of annual or interimfilings required by Mutilateral Instrument 52-109 Certification ofDisclosure in Issuers' Annual and Interim Filings (MI 52-109). This issuer has not paid a fee required by the Act or the regulations. The Deliquent filers list can be located at www.osc.gov.on.ca/PublicCompanies/Is... The list is generally updated weekly. Although every effort is made to ensurethe list is complete and accurate, users are advised to obtain a Certificateof No-Default under s. 72(8) of the Securities Act (Ontario), if they want adefinitive statement as to whether the Commission records indicate that areporting issuer is or is not in default. Tel: (416) 593-8314 Ontario Securities Commission ____________________________________... Capitalization Report for Pennine Petroleum CorpShares Issued: 27440069Shares Escrow: 5890399 TSX Venture closing price for Pennine PetroleumDate: 2008/05/23Closing Price: 0.100____________________________________... (c)2008 Market News Publishing Inc. All rights reserved.Toronto:(416)366-8881 Vancouver:(604)689-1101 Fax:(604)689-1106 0814400008TS10814400368-20395520080...

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