SOURCE: PetroNational Corp.; Outback Energy Corp.

July 09, 2008 08:30 ET

Outback Energy Announces Name Change to PetroNational Corp.

BLAINE, WA--(Marketwire - July 9, 2008) - PetroNational Corp. (OTCBB: PTNL) ("PetroNational" or the "Company"), formerly Outback Energy Corp. (OTCBB: OUTE), wishes to announce that effective July 8, 2008, the company shall henceforth operate under the name PETRONATIONAL CORP.

The Company's common stock will trade on the NASD's Over-the-Counter Bulletin Board ("OTCBB") under the symbol PTNL with a CUSIP number of 71674Q108.

Management prompted this change as it better reflects the Company's focus on the international oil and gas sector, and further announces its intended area of interest will be on oil and gas plays in East Asia and the Middle East.

Details regarding the name change have been submitted to the Securities and Exchange Commission ("SEC") as part of the Company's Form 8-K filing dated July 8, 2008.

Forward-Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding development and exploration activities. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of PetroNational to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which PetroNational Corp., or any affiliates, has little or no control.

Risks, uncertainties and other factors are discussed in documents filed from time to time by PetroNational with the Securities Exchange Commission. There is no assurance that PetroNational's expectations will be realized, and actual results may differ materially from those expressed in the forward-looking statements.

On Behalf of the Board
PetroNational Corp.
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G. Leigh Lyons, President