Petra Petroleum Inc.: Appointment of New Chief Financial Officer

Petra Petroleum Inc. (TSX VENTURE:PTL) (the "Corporation") is pleased to
announce the appointment of John Downes as Chief Financial Officer of the
Company to replace K. Peter Miller who has decided to pursue other projects. Bob
Lambert, CEO commented, "We thank Peter for his contributions to the Corporation
and we wish him the best in his future endeavours. We also welcome John and look
forward to working with him as the Corporation embarks on a new phase of
growth."


Mr. Downes has over 10 years of management and accounting experience in the
natural resource and financial services sectors, also serving as the CFO for
American Vanadium Resources Corp., Canadian Phoenix Resources Corp. and as the
VP Finance for Ionic Management Corp. Previously, he was the Manager of
Financial Reporting for Sprott Resource Lending Corp. and was a Manager for
PricewaterhouseCoopers in Dublin, Ireland and Vancouver. He is a member of the
Institute of Chartered Accountants of British Columbia and holds a Bachelor of
Commerce degree from the University of Victoria.

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