PetroGlobe Inc.

PetroGlobe Inc.

July 16, 2009 14:01 ET

PetroGlobe Announces Resignation

CALGARY, ALBERTA--(Marketwire - July 16, 2009) - PetroGlobe Inc. (TSX VENTURE:PGB) ("PetroGlobe" or the "Corporation") announces that Karsten Nielsen has resigned as the Company's Vice President of Exploration and Director to pursue future opportunities.

The Company wishes to thank Mr. Nielsen for his contribution to PetroGlobe and wishes him the best of luck in his future endevors.

PetroGlobe will maintain the number of directors at five.


PetroGlobe Inc. is listed on the TSX Venture Exchange and trades under the symbol PGB. PetroGlobe Inc. carries on business directly in Canada. It conducts business indirectly in the United States through PetroGlobe Energy USA Ltd. Major properties are in the Palo Duro basin of West Texas, Drayton Valley, Breton, Warburg and Leduc areas of west-central Alberta.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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