PGB Petroglobe

PetroGlobe Inc. ("PetroGlobe" or the "Company") (TSX VENTURE:PGB) announces that
it has acquired 1,120 net acres located at Red Earth in Northern Alberta. The
land is in the heart of the emerging Slave Point horizontal tight oil play. The
Company has identified up to five low-risk Slave Point horizontal drilling
locations on the land acquired.


The acquisition of this land is consistent with the Company's strategic focus on
light oil resource plays using the latest multi-stage fracturing technology to
fully exploit the resource potential.


The Company is also pleased to announce that it has reached agreements to farm
in on three sections of land in the highly prospective Cardium light oil play.
The farm-in lands are located in North West Pembina of Central Alberta. If
successful, this could lead to up to 11 additional follow-up horizontal
locations. The Company plans to drill its first well in the fourth quarter of
2010.


ABOUT PETROGLOBE INC.

PetroGlobe Inc. carries on business directly in Canada and is listed on the TSX
Venture Exchange and trades under the symbol PGB.


Forward-looking information

This news release contains forward-looking information relating to various
matters that may include capital expenditures, cash flow, earnings, future
drilling, production rates and other future events. This information is based on
PetroGlobe's current expectations and assumptions as to a number of factors,
including weather conditions, availability of drilling rigs, drilling success,
reserves and production, ability to tie-in production, commodity prices,
exchange rates, interest rates, access to capital, general economic and industry
conditions and other factors. If those expectations and assumptions prove to be
incorrect, or factors change, then actual results could differ materially from
the forward-looking information contained in this news release.

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