Petra Petroleum Inc. Appoints Vice President, Corporate Development

Petra Petroleum Inc. (TSX VENTURE:PTL) (the "Corporation") is pleased to
announce that Mr. Pete Hughes has been appointed as Vice President, Corporate
Development with immediate effect. Mr. Hughes has a strong business development,
commercial and executive management background. He has over 40 years of
international petroleum industry experience, including 18 years in a variety of
senior commercial and management roles with Texaco Inc., where he was Vice
President, Contracts and Negotiations in the Worldwide Growth Division.
Subsequently, Mr. Hughes was CEO of Penton Energy Inc. and Concorde Oil & Gas
PLC. His most recent position was as an advisor to Wintershall's Global Business
Unit in Germany, which was responsible for the company's new country entry
strategy development and execution. Bob Lambert, President and Chief Executive
Officer of Petra Petroleum Inc., commented that, "I am delighted to welcome such
an experienced and well-respected petroleum industry executive to the Petra
Petroleum Management Team, as we try to accelerate our commercial activities in
support of our growing E&P business."


Cautionary Statements

This news release contains forward-looking information which is not comprised of
historical facts. Forward-looking information involves risks, uncertainties and
other factors that could cause actual events, results, performance, prospects
and opportunities to differ materially from those expressed or implied by such
forward-looking information. Forward-looking information in this news release
includes statements with respect to the Corporation's use of proceeds from the
Private Placement. The intended use of proceeds might change if the board of
directors of the Corporation determines that it would be in the best interests
of the Corporation to deploy the proceeds for some other purpose. Undue reliance
should not be placed on such forward-looking information, which only applies as
of the date of this news release, and no assurance can be given that such events
will occur. The Corporation disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new information,
future events or otherwise, other than as required by law.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Petra Petroleum Inc.
Robert A. Lambert
President and Chief Executive Officer
+44 7837 463 596

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