LONDON, Aug. 11, 2010 (GLOBE NEWSWIRE) -- The Management Board of Grid Petroleum Corp. (OTCBB:GRPR) are pleased to have completed an exhaustive evaluation tour of Denver, and its lease holdings in Sublette County, Wyoming.  Grid Petroleum's Chief Geological and Geophysicist Advisor, Robert Murphy, and Chief Petroleum Engineering Advisor, Maarten Middelburg, accompanied by Grid Petroleum's CEO, Paul Watts, travelled to Denver last week to hold a number of meetings with highly experienced Geological and Geophysical consulting companies and Major Gas Producers in the Green River Basin.

The purpose of the visit was to gain first hand local knowledge of the areas containing Grid Petroleum's lease holdings and thereby fine tune the elements of the Phase 1 work program, and closer examine the three proposals currently in hand for the implementation of the essential preparatory work.

This review of Phase 1 of the work program was combined with a visit to the location of the company's holdings in Grid's South East Jonah Prospect to examine all the prospective logistical elements to be encountered, and to meet with the representative of the field office of the Bureau of Land Management in Pinedale, which oversees Grid Petroleum's leases in this area.

The meetings with the Geological and Geophysicist consulting groups have proved invaluable in distilling the essential items required for a successful conclusion to Phase 1 of the work program, placing Grid Petroleum in a position to decide on the best direction to take in appointing a consultancy group within the coming weeks.

Furthermore, we were delighted to be able to converse with a Major Gas Producer in the area, whose insight and local knowledge relating to logistical and economic concerns necessary in successful exploration and development of the area, has illuminated the path Grid Petroleum will need to take to optimize its development plans for the future.

Geological Advisors Robert Murphy and Maarten Middelburg together with CEO Paul Watts spent a considerable amount of exhilarating time in active field research of the leases in the South East Jonah prospect and the surrounding area, evaluating the infrastructure requirements to explore and develop the relevant leases. The culmination of this field research was a journey to the very centre of the Jonah Field to absorb the reality of the prolific producing location.

Prior to examining the company's lease holdings, a meeting was held at the field office of the Bureau of Land Management in Pinedale. The help and guidance provided by the representative of the BLM was very generous encompassing a large amount of detail covering a full range of environmental issues, permits, drilling seasons and other essential information, giving a clear picture to Grid Petroleum of what is required by the BLM to successfully execute the company's development plans.

Paul Watts, CEO of Grid Petroleum, said: "Visiting the company leases in the South East Jonah Prospect and to assess the terrain and then view the Jonah Field was an exhilarating experience, providing as it did, a clearer understanding of the key components needed in releasing the potential of the company's holdings." Mr. Watts continued, "The invaluable insight gained from the meetings with consultancy groups and a Major Gas Producer in the Green River Basin, combined with the generous and open door response from the Bureau of Land Management, has clarified and resolved many items, enabling Grid Petroleum to move forward quickly to finalize its plans for the commencement of Phase 1 of its essential work program."

About Grid Petroleum

Grid Petroleum Corp (OTCBB:GRPR) is a London, UK based Independent Oil and Gas Exploration Company, with an operational office in Denver, Colorado. Grid has assets in Wyoming, neighboring the prolific Jonah Gas Field. For more information, please visit www.gridpetroleum.com.

Legal Notice Regarding Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning gold or other mineral reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present if and when a project is actually developed.

Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of gold or mineral deposits, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of gold or minerals are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in filings on Edgar of other junior mineral exploration companies with the U.S. Securities and Exchange Commission. This announcement may also contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

CONTACT:  Grid Petroleum Corp.
          Investor Relations
          Andrew Barwicki
          1-888-851-6086
          www.gridpetroleum.com