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.
(TSXV:PTL)
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(TSXV:PTL)
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