Navina Asset Management Inc. reports ownership of common shares in Petroworth
Resources Inc. on behalf of its funds

TORONTO, Aug. 19 /CNW/ - Navina Asset Management Inc. ("Navina") announced it has acquired control or direction 11,764,714 restricted (November 20 2010) common shares of Petroworth Resources Inc. ("Petroworth"; CNSX: PTW) through funds it manages ("Navina Funds"). This represents approximately 18.79% of the total issued and outstanding common shares of Petroworth.

Navina Funds acquired shares of PTW for investment purposes.

Navina Asset Management Inc. is a specialized global asset management firm with interests and investments in Canada and around the world.

%SEDAR: 00020035E

SOURCE NAVINA ASSET MANAGEMENT INC.

For further information: For further information: Catherine Stretch, (416) 362-6283, info@navinaasset.com, www.navinaasset.com

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NAVINA ASSET MANAGEMENT INC.

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PETROWORTH RESOURCES INC.

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