Petra Petroleum Inc. (the "Company") (TSX VENTURE:PTL) is pleased to announce
the grant of a total of 100,000 stock options to its Director, Finance &
Administration which will vest after six months from the date of grant, at an
exercise price of $0.43 each and will be exercisable for a period of five years
from the date of grant.


The total number of options outstanding as of the date hereof is 3,790,000.
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