Palko Environmental Ltd. First Quarter 2011 Earnings Release

CALGARY, ALBERTA--(Marketwire - May 18, 2011) -

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Palko Environmental Ltd. ("Palko" or "the Company") PLK announces that it will be releasing its first quarter 2011 results before the markets open on Thursday June 9, 2011 which is later than customary but in accordance with the extended time lines which accommodate the adoption of International Financial Reporting Standards ("IFRS"). The results will be available soon after the release on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com.

Palko also announces that its annual general meeting of shareholders will be held on June 14, 2011 at 3 p.m. (Calgary time) at the Calgary Petroleum Club, 319-5th Avenue SW., Calgary, Alberta.

About Palko Environmental Ltd.

Palko provides processing and disposal of oilfield and industrial wastes through our network of waste handling and hydrocarbon recovery facilities located across Alberta and Saskatchewan. Our focus on client service extends to custom oil treating, waste oil reclamation and crude oil market access for customers.

Our services support all aspects and stages of oil and gas exploration and production, including drilling, fracturing, completion, production and subsequent abandonment and reclamation. In addition, Palko provides hydrocarbon recovery and waste management solutions for a variety of non-oilfield and industrial wastes of similar composition.

Additional information relating to the Company is available on SEDAR at www.sedar.com.