Petro Horizon Proceeding with Non-Brokered Private Placement

VANCOUVER, British Columbia – December 21, 2009 – PETRO HORIZON ENERGY CORP. (TSXV.PHE), announces that it is proceeding with a non-brokered private placement of up to 3,200,000 units in the capital stock of the Company at a price of $0.065 per unit for total gross proceeds of up to $208,000. Each unit will consist of one common share and one half share purchase warrant. Each one share purchase warrant will entitle the holder thereof to purchase one additional share of the Company at a price of $0.10 per share during the first year or at a price of $0.15 per share during the second year from the closing of the private placement. The shares are subject to a four month hold period. This private placement is subject to approval by the TSX Venture Exchange.

The proceeds of this financing will be used to general working capital and new prospects.

On Behalf of the board of directors,

“Ron Bourgeois”

Ron Bourgeois, President

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.

Suite 1710 – 1040 West Georgia Street Vancouver, B.C., V6E 4H1

For further information: Petro Horizon Energy Corp, Vancouver, BC, Tel: (604) 488-3900, email: [email protected]