NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Painted Pony Petroleum Ltd. ("Painted Pony") (TSX VENTURE:PPY.A) announces that
pursuant to the terms and conditions of its stock option plan, it has granted,
in the aggregate, 617,800 incentive stock options to purchase Class A Shares of
Painted Pony (the "Options"), to certain of its directors, officers, employees
and consultants. The Options are exercisable over a five year period at an
exercise price of $7.56 per share, with 33.3% vesting immediately, 33.3% in one
year, and the final 33.3% vesting in two years.


Painted Pony Petroleum Ltd. was recognized as a TSX Venture 50(R) Company in
2012. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license.


Painted Pony Petroleum Ltd., Class A (TSXV:PPY.A)
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