PETRO CANADA ("PCA-T;PCZ-N") - To Sponsor Project Homeless Connect for 2009 Hundreds of homeless or near-homeless Calgarians will receive needed support through Project Homeless Connect (PHC) in 2009 due to the financial and in-kind support of Petro-Canada. "Petro-Canada is pleased to be able to help Project Homeless Connect," said Ron Brenneman, Petro-Canada's president and chief executive officer. "This is a practical and immediate way to help the growing number of homeless in Calgary." PHC is a one-day event, to be held four times in 2009, where homeless or near-homeless individuals and families are provided with many services in one location.

On-site access to materials and services include: medical treatment, counseling, housing, new identification documents, income support, employment and education opportunities. In addition, hair-cuts, meals, clothing and comfort kits containing personal items are provided. "We are thrilled to have Petro-Canada's support for Project Homeless Connect," said Tim Richter, President and CEO of the Calgary Homeless Foundation. "With Petro-Canada's investment, as well as their direct participation in staging the four editions of PHC in 2009, the Homeless Foundation has a strong partner in helping provide much needed resources and supports to homeless and near-homeless Calgarians." PHC events for 2009 will take place between 9:00 a.m. and 4:00 p.m. at the Petro-Canada Centre, 150 - 6th Avenue SW, Calgary, on February 28, May 23, September 19 and November 23. Project Homeless Connect (PHC) in Calgary The Calgary Homeless Foundation organized and hosted Calgary's first PHC on April 26, 2008, serving 650 people. The next two PHC events saw a steady increase in participants, with 1,038 people served in the most recent event on November 22, 2009. PHC is an initiative from Calgary's 10 Year Plan to End Homelessness and is based on a model used in more than 170 communities in Canada, Australia and the United States. Petro-Canada 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. The Company creates 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. Petro-Canada's 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. Calgary Homeless Foundation The Calgary Homeless Foundation leads the implementation of Calgary's 10 Year Plan to End Homelessness. Issued in January 2008, Calgary's 10 Year Plan was created by the Calgary Committee to End Homelessness, a community-based, multi-stakeholder, leadership group, who issued the Plan and selected the Foundation to implement the Plan. The Foundation is moving forward on Calgary's 10 Year Plan in partnership with the many homeless serving agencies, the private sector, our government partners, the faith community, other foundations and all Calgarians to end homelessness in Calgary once and for all. TSX closing price for PCA Date: 2009/02/04 Closing Price: 27.940 ____________________________________________________________ ©2009 Market News Publishing Inc. All rights reserved. Toronto:(416)366-8881 Vancouver:(604)689-1101 Fax:(604)689-1106

Copyright 2009 Market News Publishing, Inc. All Rights Reserved.