PTL

Petra Petroleum Inc. (TSX VENTURE: PTL) (the "Corporation"). Pursuant to an employment agreement dated May 5, 2010, the Corporation has granted a total of 600,000 stock options to its Chief Executive Officer which will vest over a two year period, at an exercise price of $0.60 each and will be exercisable for a period of five years from the date of grant.

The Corporation has also granted a total of 850,000 stock options to its directors and officers at the exercise price of $0.43 each for a period of five years from the date of grant.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Petra Petroleum Inc. Michael Atkinson Chairman (604) 689-1428