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Press release from Marketwire

Painted Pony Petroleum Ltd. Announces Grant of Stock Options

Friday, January 11, 2013

Painted Pony Petroleum Ltd. Announces Grant of Stock Options15:06 EST Friday, January 11, 2013CALGARY, ALBERTA--(Marketwire - Jan. 11, 2013) -NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESPainted Pony Petroleum Ltd. ("Painted Pony") (TSX VENTURE:PPY) announces that pursuant to the terms and conditions of its stock option plan, it has granted 360,000 incentive stock options to purchase Common Shares of Painted Pony (the "Options") to a recently appointed officer. The Options are exercisable over a five year period at an exercise price of $10.33 per share, with one-third vesting immediately, one-third in one year, and the remaining one-third vesting in two years.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: 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 news release. Contact Information: Painted Pony Petroleum Ltd.Patrick R. WardPresident & CEO(403) 475-0440(403) 238-1487 (FAX)Painted Pony Petroleum Ltd.Joan E. DunneVice President, Finance & CFO(403) 475-0440(403) 238-1487 (FAX)Painted Pony Petroleum Ltd.300, 602- 12 Ave SWCalgary, AB T2R 1J3