Petra Petroleum Inc. (the "Company") (TSX VENTURE:PTL) reports that it has
granted a total of 340,000 stock options at the exercise price of $0.33 each to
its directors, officers and employees. The stock options are granted pursuant to
the Company's Stock Option Plan.


The Company continues to assess new properties and opportunities with an overall
goal of growing the Company.


ON BEHALF OF THE BOARD OF DIRECTORS OF PETRA PETROLEUM INC.

Michael Atkinson, Director, President and CEO