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Press release from Marketwire

Painted Pony Petroleum Ltd. Announces Officer Appointment

Monday, September 24, 2012

Painted Pony Petroleum Ltd. Announces Officer Appointment08:30 EDT Monday, September 24, 2012CALGARY, ALBERTA--(Marketwire - Sept. 24, 2012) - Painted Pony Petroleum Ltd. ("Painted Pony") (TSX VENTURE:PPY) is pleased to announce the appointment of Dr. Barry McNamara as Vice President, Corporate Development, effective September 24, 2012. Dr. McNamara brings more than 20 years of oil and gas experience in Executive and technical roles to Painted Pony. He was most recently Vice President Development at Spartan Oil Corp. Dr. McNamara holds a PhD and a Masters degree in Geology, both from the University of Calgary. James Thomson, Vice President, Land, announced his retirement effective September 24, 2012, remaining in an advisory role until October 31, 2012. Mr. Thomson has been with Painted Pony since its inception, and has been a major contributor to its success. Painted Pony thanks Mr. Thomson for his contributions and wishes him the best in his retirement. Bruce Hall will move from his current position of Vice President, Corporate Development to Vice President, Land, also effective September 24, 2012.Painted Pony Petroleum Ltd. was recognized as a TSX Venture 50® Company in 2012. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license.FOR FURTHER INFORMATION PLEASE CONTACT: Patrick R. WardPainted Pony Petroleum Ltd.President & CEO(403) 475-0440(403) 238-1487 (FAX)ORJoan E. DunnePainted Pony Petroleum Ltd.Vice President, Finance & CFO(403) 475-0440(403) 238-1487 (FAX)OR300, 602 - 12 Ave SWPainted Pony Petroleum Ltd.Calgary, AB T2R 1J3Neither 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 news release.