Petroleum & Resources Announces Issue Price of Shares for Year-End
Distribution Payable December 28, 2009 
Petroleum & Resources Corporation


Baltimore, Maryland -- December 9, 2009 – The price at which Petroleum & Resources Corporation (NYSE: PEO) common stock will be issued in payment of the $1.04 year-end distribution, made up of $0.06 income dividend and $0.98 realized capital gains, to stockholders who have elected to receive the distribution in stock, payable December 28, 2009, is $22.54 per share. This price is the mean between today’s high and low sales prices of the Corporation’s stock on the New York Stock Exchange.

Petroleum & Resources Corporation is a Baltimore-based closed-end investment company.


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