PetroNova Inc. announces a director has received a Notice of Hearing from the Alberta Securities Commmission

CALGARY, April 29, 2013 /CNW/ - PetroNova Inc. (TSX-V: PNA), April 29, 2013 - PetroNova Inc. (the "Corporation") has been advised by Mr. Anthony Lambert, a director of the Corporation and chair of the board of directors of the Corporation, that the Alberta Securities Commission has issued a Notice of Hearing with respect to him and certain other persons alleging contraventions of Section 147 of the Securities Act (Alberta) and acting contrary to the public interest.  The allegations relate to trading in securities of another company by the individuals.  The Corporation is not in any way connected with the allegations and has not been named as a party to the Notice of Hearing.

The Corporation will continue to monitor the situation with Mr. Lambert and determine what, if any, future decisions or actions are necessary for the Corporation.

About PetroNova:

The Corporation, through its subsidiaries, is engaged in the exploration for, and the acquisition and development of, oil and natural gas resources in South America, specifically in Colombia. The Corporation's assets currently include the Corporation's interests in the PUT-2 and Tinigua Blocks located in the Caguan-Putumayo Basin in Colombia, both of which are operated by the Corporation, and the non-operated CPO-06, CPO-07 and CPO-13 Blocks located in the Llanos Basin in Colombia. The common shares of the Corporation trade on the TSX Venture Exchange under the stock symbol "PNA".

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: PetroNova Inc.

Antonio Vincentelli
President & Chief Executive Officer  
954 317 3990
[email protected]

Stelvio Di Cecco
Chief Financial Officer 
954 317 3990
[email protected]