Petro Horizon Closes Third and Final Tranche of its Non-Brokered Equity Financing (PRZCF.OTCBB) (PH0.FRANKFURT)

___________________________________________________________________________________ (PRZCF.OTCBB) (PH0.FRANKFURT) (TSXV.PHE)

VANCOUVER, British Columbia – June 25, 2010 – PETRO HORIZON ENERGY CORP. (TSXV.PHE), announces that the TSX Venture Exchange has accepted for filing, documentation with respect to the third and final tranche of a non-brokered private placement announced March 31, 2010. This final tranche consists of 332,571 flow-through units at $0.35 per unit. Each of these will consist of one common flow-through share and one ½ share purchase warrant. Each full share purchase warrant will entitle the holder thereof to purchase one additional share of the Company at a price of $0.50 per share for a period of up to eighteen months from the closing date of the private placement. The shares are subject to a four month hold period.

The proceeds of this financing will be used to finance the 2010 work program on the Brazil Lake Lithium Rare Metals Project.

On Behalf of the board of directors

“Ron Bourgeois”

Ron Bourgeois, President

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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.

Forward-looking statements relating to future events or future performance and reflecting Petro Horizon’s management's expectations or beliefs regarding future events include, but are not limited to, statements with respect to completion of the private placement and related matters. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Petro Horizon to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in Petro Horizon's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although Petro Horizon has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward looking statements.

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For further information: Petro Horizon Energy Corp, Vancouver, BC,

Tel: (604) 488-3900, email: [email protected]