ALBION PETROLEUM LTD. (the "Corporation") (TSX VENTURE:ABP.H) announces, that
David Shaw, a Director and insider of the Corporation, acquired directly
directly 280,000 common shares ("Shares") of the Corporation pursuant to a
series of stock exchange market transactions which occurred between July 7, 2009
and September 3, 2009 (the "Transactions"). As a result of the Transactions,
David Shaw now owns or controls 1,105,334 Shares of the Corporation (18.4%)
(including 258,334 Shares held in escrow) and options to acquire 315,000 Shares
at a price of $0.10 per Share (the "Options"). Assuming exercise of such
Options, the David Shaw would hold or control 1,420,334 Shares (23.6%) of the
issued and outstanding Shares of the Corporation. The Shares were acquired by
David Shaw for investment purposes.


Forward-Looking Statements

This news release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and
similar expressions are intended to identify forward-looking information or
statements. More particularly and without limitation, this news release contains
forward-looking statements and information concerning the Corporation's future
operations and prospects. The forward-looking statements and information are
based on certain key expectations and assumptions made by the Corporation.
Although the Corporation believes that the expectations and assumptions on which
such forward-looking statements and information are based are reasonable, undue
reliance should not be placed on the forward looking statements and information
because the Corporation can give no assurance that they will prove to be
correct. By its nature, such forward-looking information is subject to various
risks and uncertainties, which could cause the Corporation's actual results and
experience to differ materially from the anticipated results or expectations
expressed. These risks and uncertainties include, but are not limited to, access
to capital markets, interest and currency exchange rates, and political and
economic conditions. Readers are cautioned not to place undue reliance on this
forward-looking information, which is given as of the date it is expressed in
this news release or otherwise, and to not use future-oriented information or
financial outlooks for anything other than their intended purpose. The
Corporation undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new information, future
events or otherwise, except as required by law.


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