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Horizon Petroleum Ltd. press release

Pennine Petroleum Announces Results of Annual General Meeting

TSXV - TSX Venture Exchange · Natural Gas · Oil · Canada

Jul. 30, 2009 (TheNewswire.ca) --

July 30th, 2009 - CALGARY, ALBERTA - Pennine Petroleum (TSXV:PNN) Corporation (PNN on TSX.V) announces that all motions were passed at the Annual General Meeting held July 30th, 2009.

Further information can be viewed on SEDAR at www.sedar.com

About Pennine Petroleum Corporation

Pennine Petroleum Corporation (PNN: TSX.V) is an emerging oil and gas exploration and development company active in Alberta, Saskatchewan, and British Columbia. The Company's strategy is based on increasing cash flow by focusing on drilling and well re-completions on selective land areas where it currently operates.

For further information, contact:

Pennine Petroleum Corporation

N. Desmond Smith

T: 403 277-4421

F: 403 277-4439

E: des.smith@penninecorp.com

Boardmarker Group

Dean Stuart

T: 403 517 2270

E: dean@boardmarker.net

Neither 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.

Copyright (c) 2009 Thenewswire.ca - All rights reserved.

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