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Daybreak Oil and Gas, Inc. Announces Coverage Initiated by Two Triangle Research With a Speculative Buy Rating Price Target of $1.00

Posted on: Thursday, 29 October 2009, 11:06 CDT

SPOKANE, Wash., Oct. 29 /PRNewswire-FirstCall/ -- Daybreak Oil and Gas, Inc., (OTC Bulletin Board: DBRM) ("Daybreak" or the "Company") a Washington Corporation, announced today that Mr. Rob Goldman of Two Triangle Research has initiated coverage on Daybreak with a Speculative Buy Rating.

In the report, Mr. Goldman gives a thorough explanation of Daybreak's qualities and competitive advantages and also outlines his reasoning for giving the Company an immediate term price of $.25 as well as a long term price target of $1.00 over the next year.

To view Mr. Goldman's report, please see www.twotriangle.com and click on research reports.

James F. Westmoreland, President and Chief Executive Officer, stated, "We are very pleased with the in-depth analysis and research quality Mr. Goldman gave the Company. The report gives our investors a good understanding of the Company, and provides reasoning for the price targets. Mr. Goldman believes, as we do, that there is tremendous opportunity for creating long-term value for our shareholders."

Daybreak Oil and Gas, Inc. is an independent oil and gas company engaged in the exploration, development and production of oil and gas, with participating interests in projects located in California and Alabama.

For more information about Daybreak Oil and Gas Inc., please visit its website at

www.daybreakoilandgas.com.

"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995: Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Information contained herein contains "forward-looking statements" which can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "should," "up to," approximately," "likely," or "anticipates" or the negative thereof or given that the future results covered by such forward looking statements will be achieved. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

SOURCE Daybreak Oil and Gas, Inc.

Source: PR Newswire

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