PetroWorth Reports on Frac Operations at Green Gables #3 Well in Prince Edward Island

Under the terms of an agreement with Corridor, PetroWorth is financing the costs of these initial frac operations in order to earn a 10% working interest in the Green Gables license 04-03. Corridor has informed PetroWorth that it has elected not to exercise its option to farm-in on PetroWorth's PEI licenses covering some 444,000 acres.

PetroWorth appreciates the significant role Corridor has played in the early evaluation of the Bradelle formation at Green Gables. It has been repeatedly demonstrated in multiple North American basins that developing tight gas sands and shales requires a focused effort over an extended period of time. Moreover, the joint PetroWorth-Corridor efforts to date have proven that all the geological ingredients necessary to achieve commercial success are present in both the Cable Head and Bradelle Formations on (and offshore) PEI. To this end, PetroWorth remains committed to pursuing the appropriate exploration and completion techniques that will inevitably unlock the commercial potential of hydrocarbon resources on our Prince Edward Island properties.

PetroWorth Resources Inc. is a junior oil and gas exploration company with extensive onshore properties in Eastern Canada. The Company has acquired 100% working interests in almost one million acres in nine separate exploration permits on Prince Edward Island, Nova Scotia and New Brunswick. The strategy of the company is to conduct aggressive exploration drilling programs on these permitted properties, both in-house and through advantageous farm-in arrangements.

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements. The Corporation has adopted the standard of 6 Mcf:1 BOE when converting natural gas to BOE. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf:1 BOE is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Email: nmednick@petroworth.com