OKLAHOMA CITY, OKLAHOMA--(Marketwire - June 2, 2010) - Nitro Petroleum (OTCBB:NTRO) reports today that the company is in negotiations to close on a new prospect in Oklahoma. This project consists of two wells - the Yvonne #1 and Odom #1 located in Section 21, T4N-R2W, Garvin County, Oklahoma. Each well has three zones behind pipe, the Fernvale Zone at a depth of 6537 feet, the Unconformity zone at a depth of 6253 feet and the Deese Sand at a depth of 6058 feet. Each well holds 40 acre tracts with the possibility to drill two more wells on this acreage. Nitro will advise as to the progress of these negotiations at a later date. 

About Nitro Petroleum: Nitro Petroleum Incorporated is an independent, energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the United States and Canada. Nitro's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. As well, Nitro aims to define larger projects that can be developed with Joint Venture partners. More information about the company is available at www.nitropetroleuminc.com.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. We do not intend to, and undertake no duty to, update any such forward looking statements to reflect the impact of circumstances or events that arise after the date such forward looking statements were made.