Nitro Petroleum Incorporated
OTC Bulletin Board : NTRO

Nitro Petroleum Incorporated

March 10, 2008 16:01 ET

Nitro Petroleum, Inc. Completes Crown Lease Project with Toro Ventures Inc.

OKLAHOMA CITY, OKLAHOMA--(Marketwire - March 10, 2008) - Nitro Petroleum, Inc. (OTCBB:NTRO) -

Larry Wise, the President of Nitro is pleased to announce that the Company has completed the Crown Lease project. This oilfield development project is located in Pottawatomie County, Oklahoma.

Nitro will carry out remedial reworks on Crown #1 and #3. The wells will be re-entered and re-equipped in the Hunton, Lime and 1st Wilcox Sand. A third well will be converted into a salt water disposal well.

In addition the rework program is to include installing tank battery systems, electrification, and lying of pipelines and all necessary equipment to put the wells back in production.

The company has the availability to drill two new wells on the Crown Lease.
Nitro will have a working interest in all future production. Nitro will be the Operator of this project.

As a result of the farm in by Toro Ventures, Inc., Nitro will earn varying working interests in the existing well bores and future offset wells to be drilled. Cash flow from this partnership will enable Nitro to pursue additional Oil & Gas projects.

About Nitro:

Nitro's objective is to seek out and develop opportunities in the Oil and Natural Gas sectors that represent a low risk opportunity. As well, Nitro aims to define larger projects that can be developed with Joint Venture partners. Nitro is confident that these viable opportunities exist in a sector that holds long-term fundamental strength.

Nitro intends to exploit energy exploration opportunities through various partnerships available throughout the Southern United States and in doing so build significant Oil and Natural Gas reserves and capital appreciation to its shareholders.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.

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