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CORRECTION TO: Primeline Energy Holdings Inc. Chairman Increases shareholder position in the Company

November 21st, 2008
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Hong Kong, November 21, 2008 - CORRECTION - Further to the announcement disseminated today at 9:00 a.m. ET, Mr. Victor Hwang’s purchase of 3,027,100 common shares of Primeline Energy Holdings Inc. was not “completed by pre-arranged cross of the shares on the TSX Venture Exchange”; therefore, that statement should have been omitted. The balance of the announcement is accurate.

The press release, and this correction, were issued pursuant to Section 5.2(2) of Multilateral Instrument 62-104, which also requires a report to be filed with regulatory authorities containing additional information with respect to the foregoing matters (the “Early Warning Report”). The Early Warning Report will appear with Primeline Energy Holdings Inc.’s documents on the SEDAR website, at www.sedar.com.

Victor Yiou-Hwa Hwang

For further information or to obtain a copy of the Early Warning Report, contact

PRIMELINE ENERGY HOLDINGS INC.

Andrew Biggs
Senior Vice President
Phone: +44 207.499.8888
Fax: +44 207.499.2288
Toll Free: 1.877.818.0688
Email: IR@pehi.com

CHF INVESTOR RELATIONS

Robin Cook
Senior Account Manager
Phone: +1 416.868.1079 ext. 228
Fax: +1 416.868.6198
Email: robin@chfir.com

Catarina Cerqueira
Associate Account Manager
Phone: +1 416.868.1079 ext. 251
Fax: +1 416.868.6198
Email: catarina@chfir.com