News Release

Petra Petroleum Inc. To Trade On TSX Venture Exchange

November 11, 2008

PETRA PETROLEUM INC. ("PTL")
BULLETIN TYPE: New Listing-Shares
BULLETIN DATE: November 11, 2008
TSX Venture Tier 2 Company

Effective at the opening Wednesday, November 12, 2008, the common shares of the Company will commence trading on TSX Venture Exchange. The Company is classified as an 'oil and gas' company.

Corporate Jurisdiction: British Columbia

Capitalization: Unlimited common shares with no par value of which 26,168,633 common shares are issued and outstanding.
Escrowed Shares: 11,822,616 common shares

Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: PTL
CUSIP Number: 71642P 10 9

For further information, please refer to the Company's Listing Application dated November 4, 2008.

Company Contact: Eric Boehnke
Company Address: Suite 307-1178 Hamilton Street, Vancouver, BC V6B 2S2

Company Phone Number: (604) 484-2405
Company Fax Number: (604) 484-2403
Company Email Address: eric@bigskymanagement.net