NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Painted Pony Petroleum Ltd. ("Painted Pony") (TSX VENTURE:PPY.A) (TSX
VENTURE:PPY.B) announces that its credit facilities have increased to a $46.0
million demand revolving operating credit facility (previously $36.0 million)
and a $10.0 million demand non-revolving acquisition/development facility
(previously $7.0 million). Both facilities are provided by a Canadian chartered
bank. The credit facilities are subject to a review on or before March 31, 2011,
at the sole discretion of the lender. Currently, Painted Pony has no funds drawn
under either credit facility.


Painted Pony is a junior Canadian oil and gas exploration company that trades on
the TSX Venture Exchange under the symbols "PPY.A" and "PPY.B". 


This news release is not for dissemination in the United States or to U.S. persons.
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