GBE Lifestyle Global Brands Limited

Texalta Petroleum Ltd. ("Texalta") (TSX VENTURE:TEX.A) is pleased to inform
shareholders that Australian company Baraka Petroleum Ltd. ("Baraka")
(http://www.barakapetroleum.com) has announced on April 7, 2010, that it has
entered into a Farmout Agreement with Texalta's joint venture partner, Georgina
Basin Energy Pty Ltd. ("GBE"). Under the Baraka Agreement GBE will drill a test
well on each of permits EP127 and EP128 in the Georgina Basin to earn a 50
percent working interest in each permit, with the first well scheduled to
commence by December 2010. The two permits originally granted to Northern
Territory Oil Limited are located immediately north and south of Texalta's
permits EP103 and EP104.


Prospective reservoirs expected to be encountered by the test wells on EP127 and
EP128 are the Early Ordovician Kelly Creek, Eurowie Sandstone, Chabalowe, Hagen,
Steamboat Sandstone, Upper Arthur Creek, Thorntonia Limestone and Red Heart
Dolostone. The full text of the Baraka Press Release dated April 7, 2010 can be
viewed on the Australian Securities Exchange website at http://www.asx.com.au.


Under the Farmout Agreement dated December 21, 2007 between Texalta Australia
Pty. Ltd. and GBE, each will hold a 50 percent working interest once the earning
phase is completed in EP103 and EP104 in the Georgina Basin. All tenders for the
year three seismic program have been received. Subsequent to agreement on the
final program, budget, the required clearances and approvals from the NT
Government and Central Land Council, the seismic program should commence in June
2010.


President and CEO of Texalta, William H. Nixon has said "We at Texalta are very
pleased to see more operations underway in the Georgina Basin and will follow
the work as it progresses. Any discovery on the neighbouring permits could
certainly help to establish more efficient operations for all players in the
region."


TEX.A is a Calgary based company engaged in the exploration, acquisition and
development of prospective oil & gas properties in Saskatchewan and Alberta,
Canada. The company's wholly owned subsidiary, Texalta Australia Pty. Ltd. holds
a 50 percent working interest in two exploration permits covering in excess of
5.5 million acres of prospective land in the Georgina Basin, Northern Territory,
Australia.

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