Petrolia Inc.

Petrolia Inc.

July 07, 2008 14:20 ET

Petrolia: Allocation of Stock Options

RIMOUSKI, QUEBEC--(Marketwire - July 7, 2008) - On July 3, 2008, Petrolia (TSX VENTURE:PEA) filed a modification to its stock option plan with the TSX Venture Exchange. This change will increase the maximum number of stock options that may be issued under this plan from 3,400,000 to 4,090,000.

In accordance with its compensation policy and its stock option plan, the Board of Directors of Petrolia granted 600,000 stock options on July 7, 2008, at an exercise price of $1.25 per share, maturing on July 7, 2013, to its directors, senior management, employees, and service providers.

The TSX Venture Exchange disclaims all responsibility regarding the credibility or accuracy of this press release.

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