PetroGlobe Inc.
TSX VENTURE : PGB

PetroGlobe Inc.

January 21, 2010 19:53 ET

PetroGlobe Announces Stock Option Grant

CALGARY, ALBERTA--(Marketwire - Jan. 21, 2010) - PetroGlobe Inc. ("PetroGlobe" or the "Company") (TSX VENTURE:PGB) announces that on November 19, 2009 it granted, in accordance with the Company's stock option plan, options to acquire up to 875,000 common shares of PetroGlobe at an exercise price of $0.14 per share to officers and directors.

ABOUT PETROGLOBE INC.

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 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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