Patriot Petroleum Corp. Amends Terms of Private Placement

PATRIOT PETROLEUM CORP. NEWS RELEASE 918-1030 West Georgia Street TSX Venture Exchange Vancouver, BC V6E 2Y3 Trading Symbol: PPC

NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER THE UNITED STATES NEWSWIRE SERVICES.

PATRIOT PETROLEUM CORP. AMENDS TERMS OF PRIVATE PLACEMENT

September 28, 2011 – Vancouver, British Columbia. Patriot Petroleum Corp. (the “Company”) announces that the terms of the private placement previously announced in the Company’s news release dated September 1, 2011 have been amended. The private placement offering will consist of up to 10,000,000 common shares in the capital of the Company at a price of $0.16 per share for gross proceeds of up to $1,600,000. The common shares issued under the private placement will be subject to a hold period commencing on the closing date and expiring on the date that is four months and one day after closing.

The Private Placement is subject to certain conditions including, but not limited to, the receipt of applicable regulatory approvals including approval of the TSX Venture Exchange.

The Company intends to use proceeds from the private placement towards the acquisition of Exploration Block Nos. 3 and 5 in Nepal and to fund ongoing business opportunities.

The Company may pay finder’s fees in connection with the Private Placement as permitted by applicable securities laws and the TSX Venture Exchange.

This news release is not an offer of shares for sale in the Unites States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration. This press release shall not constitute an offer to sell or solicitation of an offer to buy nor shall there by any sale of the above described securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

For further information, please contact Steve Bajic, President, at:

Telephone: (604) 628-5614 Facsimile: (604) 662-7950

On behalf of the Board of Directors,

/s/ Steve Bajic

Steve Bajic President and CEO

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This news release contains forward-looking statements and forward-looking information, which are based on information currently available to the Company, and the Company provides no assurance that actual results will meet management’s expectations. Forward-looking information includes estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations and includes the statement that the Company will use the proceeds from the private placement for the acquisition of Exploration Block Nos. 3 and 5 and that the Company may complete the Private Placement. Actual results relating to, among other things, the closing of the proposed private placement and the timing thereof, the receipt of the requisite regulatory approvals, the net proceeds to the Company, and the use of proceeds and future business plans of the Company, could differ materially from those currently anticipate din such information for many reasons such as: the failure to obtain the requisite approvals; the failure to satisfy conditions to closing; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward looking information. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward looking information. The Company does not undertake to update any forward-looking information that may be made form time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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.