Pacific Energy Development Confirms Talks to Sell Rare Earth Interest

DANVILLE, CA–(Marketwired – May 28, 2015) – PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED) (the “Company”), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S., confirmed today that it is in talks with a couple of parties to sell its interest in a rare earth minerals joint venture in China.