Pacific Energy Development Announces Approval of Common Stock Listing on NYSE MKT

  Pacific Energy Development Announces Approval of Common Stock Listing on
  NYSE MKT

Business Wire

DANVILLE, Calif. -- September 5, 2013

Pacific Energy Development (OTCBB:PEDO), an energy company engaged in the
acquisition and development of strategic high-value energy projects in the
U.S. and Asia, announced today its common stock has been approved for listing
on the NYSE MKT. Trading is expected to commence on the NYSE MKT on Tuesday,
September 10, 2013, under the ticker symbol “PED”. Prior to that date, Pacific
Energy Development’s shares will continue to trade on the Over-the-Counter
(OTC) Bulletin Board.

“The listing on the NYSE MKT is another major development at Pacific Energy
Development, following our recent acquisition of the Mississippian Lime
acreage and closing of a $22 million private placement,” commented President
and CEO Frank C. Ingriselli. “We are excited about the NYSE MKT listing, which
should enable us to increase the trading liquidity of our stock, broaden our
shareholder base, raise our profile in the investment community, and provide
us a platform to share our story and communicate our growth-focused strategy
with a broader group of investors,” added Mr. Ingriselli.

“We welcome Pacific Energy Development to the NYSE MKT, expanding our current
family of listed energy companies,” said Scott Cutler, Executive Vice
President, Global Listings at NYSE Euronext. “With a global reach, Pacific
Energy Development is a great example of a growth oriented company that can
leverage NYSE’s advanced and innovative market model.”

About Pacific Energy Development (PEDEVCO Corp.)

PEDEVCO Corp, d/b/a Pacific Energy Development (OTCBB:PEDO), is a
publicly-traded energy company engaged in the acquisition and development of
strategic, high growth energy projects, including shale oil and gas assets, in
the United States and Asia. The Company’s principle assets include its
Niobrara asset located in the DJ Basin in Colorado, its Eagle Ford asset in
McMullen County, Texas, its North Sugar Valley asset located in Matagorda
County, Texas, and the recently acquired Mississippian asset located in
Comanche, Harper, Barber and Kiowa Counties, Kansas. Pacific Energy
Development is headquartered in Danville, California, with offices in Houston,
Texas and Beijing, China.

Forward-Looking Statements

All statements in this press release that are not based on historical fact are
“forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995 and the provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. Forward-looking statements include, without
limitation, the timing of the commencement of trading on the NYSE MKT. While
management has based any forward-looking statements contained herein on its
current expectations, the information on which such expectations were based
may change. These forward-looking statements rely on a number of assumptions
concerning future events and are subject to a number of risks, uncertainties,
and other factors, many of which are outside of the Company’s control, that
could cause actual results to materially differ from such statements. Such
risks, uncertainties, and other factors include, but are not necessarily
limited to, those set forth under Item 1A “Risk Factors” in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2012. The Company
operates in a highly competitive and rapidly changing environment, thus new or
unforeseen risks may arise. Accordingly, investors should not place any
reliance on forward-looking statements as a prediction of actual results. The
Company disclaims any intention to, and undertakes no obligation to, update or
revise any forward-looking statements. Readers are also urged to carefully
review and consider the other various disclosures in the Company’s public
filings with the SEC.

Contact:

Pacific Energy Development
Bonnie Tang, 1-855-733-3826 Ext 21 (Media)
PR@pacificenergydevelopment.com
or
Liviakis Financial Communications, Inc.
John Liviakis, 415-389-4670 (Investor Relations)
john@liviakis.com