Petroamerica grants stock options

TSXV - PTA

VANCOUVER, April 23 /CNW/ - Petroamerica Oil Corp. (the 'Company') reports that pursuant to the Company's Stock Option Plan, a total of 970,000 stock options have been granted to employees, consultants and officers of the Company, subject to regulatory approval.

The options are exercisable at a price of $0.50 per share for a period of ten years.

    
    ON BEHALF OF PETROAMERICA OIL CORP.

    "A. Paul Kroshko"

    President and CEO
    

Neither the 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.

SOURCE Petroamerica Oil Corp.

For further information: For further information: A. Paul Kroshko, President and CEO, Petroamerica Oil Corp., Tel: (403) 237-8300, Email: investorrelations@pta-oil.com; or Colin Wagner, CFO, Petroamerica Oil Corp., Tel: (403) 237-8300, Email: investorrelations@pta-oil.com

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Petroamerica Oil Corp.

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