PDQ Petrodorado Energy Ltd

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Petrodorado Energy Ltd. ("Petrodorado" or the "Company") (TSX VENTURE:PDQ) is
pleased to announce the signing of a farm-in agreement with ONGC Videsh Ltd. for
a 30 percent participating interest in CPO-5 Block of Colombia.


This 199,248 hectare block (gross) is located in the Los Llanos basin (Meta
Department) and was awarded to ONGC Videsh Ltd. in the 2008 ANH heavy oil bid
round. The CPO 5 block is flanked in the North and North West by the recent
discoveries in the blocks of Guatiquia (Candelilla Structure) and Corcel.


In 1985, Elf Aquitaine drilled Metica-1 well in the CPO-5 block, which tested
14.4 API oil and 20.8 API oil in the Los Cuervos and Barco formations. In
addition, petrophysical analysis of well logs indicated hydrocarbons in the
Carbonera, Mirador, Une and other deeper Palaeozoic horizons. 


The work plan going forward is to acquire 650 square kilometers of 3D seismic
and 240 line kilometers of 2D seismic by the end of 2010 and drill two
exploration wells in the first quarter of 2011. 


Petrodorado has identified multiple plays and multiple prospects in the Tertiary
(Carbonera, Mirador, Los Cuervos, and Barco) and Cretacaeous (Guadalupe, Gacheta
and Une) formations (14 to 40 API).


The assignment of the participating interest to Petrodorado is subject to ANH
approval. 


Comments from Krishna Vathyam, President and CEO of Petrodorado:

We are very pleased to have increased our strategic exposure to the prolific Los
Llanos basin with this highly significant acreage in partnership with ONGC
Videsh Ltd.


AGM Webcast

As previously announced, Petrodorado is pleased to provide the webcast link for
our upcoming annual general and special meeting of shareholders (the "Meeting"),
as follows:


http://events.digitalmedia.telus.com/petrodorado/061510/index.php

Petrdorado's Meeting will be held on June 15, 2010 at 3:00 p.m. (Calgary time)
at the Calgary Petroleum Club, Viking Room, 319 - 5th Avenue S.W., Calgary,
Alberta.


The presentation following the formal portion of the Meeting will be available
for replay at www.petrodorado.com under the "Investor Information" section.
After the formal business portion of the Meeting and corporate presentation,
management of Petrodorado will provide a question and answer period.


We cordially invite all guests to attend.

Cautionary Note Regarding Forward-Looking Statements 

Except for the statements of historical fact contained herein, the information
presented constitutes "forward-looking statements". Such forward-looking
statements, including but not limited to uncertainties and other factors which
may cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Although the Company
has attempted to identify important factors that could cause actual results to
differ materially, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers are cautioned that the assumption used in the preparation of the
forward-looking statements, although considered reasonable at the time of
preparation may prove to be imprecise and, as such undue reliance should not be
placed on forward-looking statements. 


The forward-looking statements contained in this press release are made as of
the date of this press release. Except as required by law, the Company disclaim
any intention and assume no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as required by applicable securities law. Additionally, the Company
undertakes no obligation to comment on the expectations of, or statements made,
by third parties in respect of the matters discussed above.

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