/C O R R E C T I O N from Source -- Pacific Rubiales Energy Corp./

      /C O R R E C T I O N from Source -- Pacific Rubiales Energy Corp./

PR Newswire

TORONTO, Oct. 19, 2012

In TO567 transmitted on Friday, October 19, 2012, an error occurred in the
first paragraph. "9:00 a.m. (Rio de Janeiro time)" should have read "11:00 a.m
(Rio de Janeiro time)". Corrected copy follows.

Pacific Rubiales third quarter 2012 conference call

TORONTO, Oct. 19, 2012 /PRNewswire/ - Pacific Rubiales Energy Corp. (TSX:PRE;
BVC: PREC; BOVESPA: PREB) has scheduled a telephone conference call for
investors and analysts on Thursday November 8, 2012 at 8:00 a.m. (Bogotá and
Toronto time) / 11:00 a.m. (Rio de Janeiro time) to discuss the Company's
third quarter results. Participants will include Ronald Pantin, Chief
Executive Officer, and selected members of senior management. Pacific Rubiales
expects to release its results on Wednesday November 7, 2012 after market

The live  conference  call will  be  conducted in  English  with  simultaneous 
Spanish translation. The  Company will  post a presentation  on the  Company's 
website prior to the call, which can be accessed at www.pacificrubiales.com.

Analysts and interested investors are invited to participate using the dial-in
numbers as follows:

Participant Number (International/Local):      (647) 427-7450
Participant Number (Toll free Colombia):       01-800-518-0661
Participant Number (Toll free North America):  (888) 231-8191
Conference ID (English Participants):          36920400
Conference ID (Spanish Participants):         36900534

The conference  call  will be  webcast,  which  can be  accessed  through  the 
following                                                                link: 

A replay  of the  call will  be  available until  23:59 p.m.  (Toronto  time), 
November 22, 2012, which can be accessed as follows:

Encore Toll Free Dial-in Number:   1-855-859-2056
Local Dial-in-Number:            (416)-849-0833
Encore ID (English Participants):  36920400
Encore ID (Spanish Participants):  36900534

Pacific Rubiales, a  Canadian-based company  and producer of  natural gas  and 
heavy crude oil,  owns 100 percent  of Meta Petroleum  Corp., a Colombian  oil 
operator which  operates the  Rubiales, Piriri  and Quifa  oil fields  in  the 
Llanos Basin in association with  Ecopetrol, S.A., the Colombian national  oil 
company, and 100 percent of Pacific Stratus Energy Corp. which operates the La
Creciente  natural  gas   field.  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.

The Company's common shares trade on  the Toronto Stock Exchange and La  Bolsa 
de Valores de Colombia and as Brazilian Depositary Receipts on Brazil's  Bolsa 
de Valores Mercadorias e Futuros under the ticker symbols PRE, PREC, and PREB,

SOURCE Pacific Rubiales Energy Corp.


Christopher (Chris) LeGallais
Sr. Vice President, Investor Relations
+1 (647) 295-3700

Roberto Puente
Sr. Manager, Investor Relations
+57 (1) 511-2298

Javier Rodriguez
Manager, Investor Relations
+57 (1) 511-2319
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