Nitro Petroleum, Incorporated Signs Agreement to Acquire Oil and Gas Leases in Montana

OKLAHOMA CITY, OKLAHOMA--(Marketwire - Jan. 30, 2009) - Nitro Petroleum, Incorporated (OTCBB:NTRO) is pleased to announce that it has entered into an agreement to acquire oil and gas leases covering approximately 1,600 acres in Montana with two additional options to acquire an additional 1,600 acres per option. A substantial portion of this land package is located in the prolific Powder River Basin. Nitro will own 100% of the coal, coal bed methane, and oil and natural gas rights. The company will pay a 20% net royalty on production.

Larry Wise, President of Nitro, stated, "This is a golden opportunity for our company as we are one of the first companies to have access to these highly prospective leases. Geological reports indicate that there are four shallow methane and gas pay zones in each well. Based on geological reports, these leases are estimated to contain up to 24.6 billion cubic feet of gas reserves. Each well being drilled has three to five potential targets that could produce substantial oil and gas production, but the major upside potential for each of these wells is contained in the deeper target of the Pennsylvanian Tensleep Formation."

The first phase of this project is to drill 10 holes, all located in Powder River Basin. The wells will vary in depth from 4350 to 7700 feet. The target is to drill at least 150 feet into the Tensleep Formation in each hole. A complete budget and work plan is being drafted.

About Nitro:

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. 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.