Nitro Petroleum Incorporated
OTC Bulletin Board : NTRO

Nitro Petroleum Incorporated

March 25, 2008 08:01 ET

Nitro Petroleum, Inc. Signs Agreement on Quinlan Lease, Oklahoma

OKLAHOMA CITY, OKLAHOMA--(Marketwire - March 25, 2008) - Nitro Petroleum, Inc. (OTCBB:NTRO) -

Larry Wise, President of Nitro Petroleum, Inc., is pleased to advise the shareholders that Nitro has signed an agreement with Toro Ventures Inc. of Seattle, Washington regarding the Quinlan Lease in Pottawatomie County, Oklahoma.

Toro is acquiring a 60% working interest in the Quinlan Lease for a turnkey investment of $450,000. Nitro intends to drill up to four new wells to an estimated depth of 4,400 feet on the Quinlan Lease. The agreement contemplates that Nitro will begin the drilling program on the Quinlan Lease in April 2008. The anticipated work program shall include equipping well sites, electrifying the lease, installation and laying of water and production lines on the lease deepens wells to alternative zones for the enhancement of the lease production or the disposal or injection of water. Nitro will remain as operator of the wells on the Quinlan Lease. Larry Wise, CEO of Nitro Petroleum, Inc., stated, "We are ready to mobilize a Rig to the proposed drill location as soon as possible."

About Nitro

Nitro Petroleum, Inc. is an independent, energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the Southern United States. 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.

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. We do not intend to, and undertake no duty to, update any such forward looking statements to reflect the impact of circumstances or events that arise after the date such forward looking statements were made.

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