Painted Pony Petroleum Ltd. Announces Grant of Stock Options

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Painted Pony Petroleum Ltd. ("Painted Pony") (TSX VENTURE:PPY.A) announces that
pursuant to the terms and conditions of its stock option plan, it has granted,
in the aggregate, 617,800 incentive stock options to purchase Class A Shares of
Painted Pony (the "Options"), to certain of its directors, officers, employees
and consultants. The Options are exercisable over a five year period at an
exercise price of $7.56 per share, with 33.3% vesting immediately, 33.3% in one
year, and the final 33.3% vesting in two years.


Painted Pony Petroleum Ltd. was recognized as a TSX Venture 50(R) Company in
2012. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license.

Painted Pony Petroleum Ltd., Class A (TSXV:PPY.A)
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