Petro-Canada to Participate in the Raymond James Oil Sands of Canada Conference

CALGARY, ALBERTA -- (MARKET WIRE) -- 05/02/08 -- Harry Roberts, executive vice-president and chief financial officer will present at the Raymond James Oil Sands of Canada Conference in New York City, New York on Monday, May 5, 2008 at 10:15 a.m. eastern time (8:15 a.m. mountain time). The presentation will include information on Petro-Canada's performance, growth strategy and outlook.

A live audio webcast of the presentation and an electronic copy of the slides will be available on the Petro-Canada website: http://www.petro-canada.ca/en/investors/93.aspx. A postview of the audio webcast will be available approximately one hour after the webcast for 90 days.

Petro-Canada is one of Canada's largest oil and gas companies, operating in both the upstream and the downstream sectors of the industry in Canada and internationally. We create value by responsibly developing energy resources and providing world class petroleum products and services. Petro-Canada is proud to be a National Partner to the Vancouver 2010 Olympic and Paralympic Winter Games. Our common shares trade on the Toronto Stock Exchange (TSX) under the symbol PCA and on the New York Stock Exchange (NYSE) under the symbol PCZ.

Contacts: Investor and analyst inquiries: Lisa McMahon, Investor Relations Petro-Canada, Calgary (403) 296-3764 Email: investor@petro-canada.ca

Media & general inquiries: Andrea Ranson, Corporate Communications Petro-Canada, Calgary (403) 296-4610 Email: corpcomm@petro-canada.ca Website: www.petro-canada.ca

2008-05-02 18:36:34 0351850 MARKETWIRE