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HOUSTON-- Palau Pacific Exploration (PPX) has secured an option to farm into an approximate one million acre drilling concession on the North Block situated in the State of Kayangel in the Republic of Palau (the Prospect.). PPX is inviting investors to participate in a limited portion of the drilling program in an attempt to prove the existence of hydrocarbons in quantities that could potentially equal those of world-class giant oil fields. PPX is farming into a 75% Working Interest in the one million acre North Block. On completion of the farm-in, PPX and its shareholders will hold a 66% Net Revenue Interest.