Replies to post #9249 on Pilgrim Petroleum Corp. (PGPM)

[ncpti]

DALLAS, TX -- (Marketwire) -- 10/23/08 -- Pilgrim Petroleum Corporation (PINKSHEETS: PGPM) (FRANKFURT: PHV), an independent oil and gas company, announces and confirms a dividend-in-kind distribution to its common stockholders of record on October 28th, 2008, of shares of Arcland Energy Corporation ("Arcland") Common Stock. The event will be applicable to shareholders of record on October 28th, 2008 and distributed ("Pay Date") on November 4th, 2008.