PCG President Corporate Group Ltd.
Presidents Corporate Group Inc Enters Into Acquisition Agreement

Presidents Corporate Group Inc Enters Into Acquisition Agreement.

September 6, 2011 – Hong Kong. Presidents Corporate Group Inc, Frankfurt Stock Exchange Symbol: PI6 is pleased to announce that it has entered into a Letter of Intent for the acquisition of a majority ownership interest in Drake Energy Corporation a Nevada Corporation.

Under the terms of the Letter of Intent, Presidents Corporate Group will exchange a yet to be determined sum of cash and securities for a controlling interest of Drake Energy Corporation. The exact purchase price to be paid by the company is to be determined upon the receipt of the results of flow testing being completed upon two adjacent existing drilled uncompleted wells on the same lease which Drake Energy Corporation rights to participate in the development and exploration of additional wells.

Pursuant to the terms of the Letter of Intent, Presidents Corporate Group Inc will provide Drake Energy Corporation with financing and market intelligence, investment banking services and corporate restructuring to enable Drake Energy Corporation the ability to expand its operations through acquisition and development of low risk, high reward, significant oil and gas properties in the United States and Canada.

The terms and condition of the acquisition and share exchange exchange will be finalized and the closing is subject to certain due diligence to be completed. It is anticipated that the transaction will close and be deemed effective upon completion of formal documentation.

Further details regarding the transaction and the various assets that Drake Energy Corporation currently owns and operates, as well as the projects under development will be made available upon completion of the transaction.

Presidents Corporate Group Inc is a full service financial advisory firm that provides emerging companies with creative financing solutions to clients around the world.

For further Information:
info@presidentscorp.com

Presidents Corporate Group Inc.
President:
E. Surya Chandra
1-866-859-5398
www.presidentscorp.com

Legal Notice Regarding Forward-Looking Statements

Legal Notice Regarding Forward-Looking Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'aims', 'potential', 'goal', 'objective', 'prospective', and similar expressions or that events or conditions 'will', 'would', 'may', 'can', 'could' or 'should' occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.

Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements.Factors such as the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain permits, potential delays or obstacles in operations and interpreting data, the likelihood that this business model business is not successful. Additional information on risks for the Company can be found in the Company's periodic filings filed from time to time with US Securities and Exchange Commission at www.sec.gov.

This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the 'Securities Act'). They may not be offered or sold in the United States (as defined in Regulation S under the Securities Act), except pursuant to an exemption from the registration requirements of the Securities Act.

Cautionary Note to U.S. Investors – The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms such as estimates of a mean of undiscovered natural gas and estimates of a mean of undiscovered oil that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K and other periodic reports filed by us from time to time with the SEC, available from us at www.sec.gov. You can also obtain this form from the SEC by calling 1-800-SEC-0330.