(PRZCF.OTCBB)(PH0.FRANKFURT)(TSXV.PHE)
VANCOUVER, July 8 /PRNewswire-FirstCall/ - PETRO HORIZON
ENERGY CORP. (TSXV.PHE), is pleased to announce the commencement of
an exploration program following up tellurium soil anomalies
discovered in 2009. The program will consist of detailed soil
sampling, geological mapping, prospecting and rock sampling to
further define these anomalies. As previously announced the Company
has signed a letter of intent on this property.
Jacques Houle, P.Eng., a
qualified person as defined by NI 43 - 101, is responsible for the
technical information contained in this release.
About Tellurium
Tellurium is one of the rarest stable solid elements in the
earth crust and is sometimes associated with gold, as well as a by
product of copper refining. Tellurium is mainly used as an alloying
additive in steel. One of the Key and relatively new applications
is in the production of solar panels.
Petro Horizon Energy Corp. has granted options to buy 335,000
shares total to certain officers, consultants and directors of
Petro Horizon Energy Corp. The options shall be exercisable at a
price of $00.20 cents per share and
shall have a term of two years.
On Behalf of the board of directors,
"Ron Bourgeois"
Ron Bourgeois, President
FOLLOW US ON:
Facebook
http://www.facebook.com/profile.php?ref=profile&id=100000687843563
Twitter
http://www.facebook.com/profile.php?ref=profile&id=100000687843563
MySpace
http://www.myspace.com/518719311
Tel: (604) 488-3900, email: info@petrohorizonenergy.ca
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-looking statements relating to future events or future
performance and reflecting Petro Horizon's management's
expectations or beliefs regarding future events include, but are
not limited to, statements with respect to completion of the
private placement and related matters. In certain cases,
forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved" or the negative of these
terms or comparable terminology. By nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of Petro Horizon to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Such factors include, among others,
risks related to actual results of current exploration activities;
changes in project parameters as plans continue to be refined;
future prices of resources; possible variations in ore reserves,
grade or recovery rates; accidents, labour disputes and other risks
of the mining industry; delays in obtaining governmental approvals
or financing or in the completion of development or construction
activities; as well as those factors detailed from time to time in
Petro Horizon's interim and annual financial statements and
management's discussion and analysis of those statements, all of
which are filed and available for review on SEDAR at www.sedar.com.
Although Petro Horizon has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements.Accordingly,
readers should not place undue reliance on forward looking
statements.
Suite 1710 - 1040 West Georgia Street Vancouver, B.C., V6E 4H1
SOURCE Petro Horizon Energy Corp.