PetroGlobe Inc. ("PetroGlobe") (TSX VENTURE:PGB) announces the grant of stock
options to purchase up to an aggregate of 3,100,000 shares of PetroGlobe, of
which 2,440,000 were granted to directors and officers of PetroGlobe. Each
option has a term of five years and vests over two years. The options are
exercisable at a price of $0.15 per common share. The Company now has options
outstanding to purchase a total of 7.3 common shares of PetroGlobe, or
approximately 6% of the issued and outstanding common shares.


About PetroGlobe Inc. 

PetroGlobe is a Calgary, Alberta based public company, engaged in the
exploration, development and production of petroleum and natural gas in Canada.
PetroGlobe's focus is on high working interest, company-operated properties in
Alberta, including Pembina Cardium light oil, Pembina Edmonton Sands natural
gas, Red Earth Slave Point light oil and Sawtooth oil in the Grand Forks/Taber
area of southern Alberta. PetroGlobe's common shares are listed on the TSX
Venture Exchange and trade under the symbol PGB.


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