Filed by Automated Filing Services Inc. (604) 609-0244 - Park Place Energy Corp. - Exhibit 10.24




ASSIGNMENT OF LOAN

 THIS ASSIGNMENT is made as of the 15th day of June, 2007.

 BETWEEN:

DAVID STADNYK, Businessman, of 1220
  – 666 Burrard Street, Vancouver, British Columbia, V6C 2X8

(the “Assignor”)

 AND:

1284810 ALBERTA LTD., a corporation
  incorporated pursuant to the laws of the Province of Alberta, of 3238 Karley
  Crescent, Coquitlam, British Columbia, V3E 3E9

(the “Assignee”)

 WHEREAS:

 A. Park Place Energy Inc. (the “Borrower”) is
  presently indebted to the Assignor in the principal amount of CDN$400,000 (the
  “Indebtedness”) pursuant to a promissory note dated March 9, 2007
  between the Assignor and the Borrower (the “Promissory Note”);

 B. The Assignor has agreed to assign and transfer all of the
  Indebtedness to the Assignee on and as of the date hereof (the “Assignment”);

           THIS
  AGREEMENT WITNESSES THAT for good and valuable consideration, the receipt
  and sufficiency of which is hereby acknowledged, the parties mutually covenant
  and agree as follows:

 1. The Assignor hereby assigns to the Assignee 100% of the
  Assignor’s right, entitlement and interest of the Promissory Note, the
  Indebtedness and any and all amounts due, owing or payable under the Promissory
  Note or which may hereafter become due, owing or payable thereunder, and all
  the right, title and interest of the Assignor in and to all of the foregoing;
  and the Assignee hereby acquires and accepts the Assignment from the Assignor
  for good and valuable consideration, the receipt and sufficiency of which is
  hereby acknowledged.

 2. The Borrower, by execution where indicated, hereby acknowledges
  the Assignment effective as of the Effective Date and confirms to the Assignee
  that as a result of the Assignment it is indebted to the Assignee in the amount
  of the Indebtedness and that its obligations under the Promissory Note remain
  in full force and effect, except as assigned hereunder.

 3. This Agreement shall be made and construed in accordance
  with the laws of the Province of British Columbia, Canada and each party attorns
  to the courts of British Columbia.



4. This Agreement embodies the entire agreement between the
  parties and supersedes any prior representations, understandings and agreements
  between the parties regarding the subject matter hereof. There are no representations,
  understandings or agreements, oral or written, between the parties regarding
  the subject matter hereof that are not fully expressed herein.

 5. Neither this Agreement nor any rights in it or to the Promissory
  Note may be assigned by the Borrower. This Agreement shall be binding upon and
  enure to the benefit of the parties hereto and their respective executors, administrators,
  successors and permitted assigns.

 IN WITNESS WHEREOF the parties hereto have
  caused this Assignment to be executed with effect from the 15th day of June,
  2007.

 /s/ David Stadnyk                                             
  

  DAVID STADNYK

 1284810 ALBERTA LTD.

Per: /s/ David Lane                                           
  

  Authorized Signatory 



ACKNOWLEDGEMENT OF ASSIGNMENT

 The undersigned Borrower acknowledges receiving notice of this assignment:

 PARK PLACE ENERGY INC.

 Per:      /s/ David Stadnyk                                     
  

              Authorized
  Signatory 



DEMAND PROMISSORY NOTE

	CDN$400,000 	MARCH 9, 2007


FOR VALUE RECEIVED, Park Place Energy Inc. (the “Borrower”)
  promises to pay to David Stadnyk (the “Holder”) ON DEMAND the sum
  of CDN$400,000 (the “Loan”).

 Payment on Demand. The Loan shall be due and payable
  on the demand of the Holder. 

 Interest. The Loan shall not bear any interest.

 Applicable Law. This promissory note shall be governed
  by and construed in accordance with the laws of the province of British Columbia,
  Canada.

 Waivers. The Holder hereby waives presentment for payment,
  notice of dishonor, protest and notice of payment and all other notices of any
  kind in connection with the enforcement of this Note.

 Obligations Absolute. The obligations of the Holder
  under this Note shall be absolute, and the Holder waives any and all rights
  to offset, deduct or withhold any payments or charges due under this Note for
  any reason.

 Assignment. The Maker may not assign, delegate or otherwise
  transfer any of its obligations under this Note, whether by merger, consolidation
  or other business combination, without the prior written consent of Borrower.

 Costs of Collection. If this Note is not paid or otherwise
  performed when due or required, the Holder shall pay Borrower’s reasonable
  costs of collection, including reasonable legal fees.

 IN WITNESS WHEREOF, the Borrower has executed
  this promissory note as of the 9th day of March, 2007.

 PARK PLACE ENERGY INC.

 Per:

  /s/ David Stadnyk                                       
  

  Authorized Signatory