Third Quarter Financial Results

VANCOUVER, CANADA – February 1, 2010 – Petro Horizon Energy Corp. (TSXV:PHE), an emerging oil and gas exploration and development company, announces that it has released its financial statements for the nine months ended November 30, 2010.

The full text of the unaudited interim financial statements is included with the Company’s Quarterly Report posted on the SEDAR website at www.sedar.com.

On Behalf of the board of directors,

“Ron Bourgeois”

Ron Bourgeois, President

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.

Suite 1710 – 1040 West Georgia Street Vancouver, B.C., V6E 4H1

For further information: Petro Horizon Energy Corp, Vancouver, BC, Tel: (604) 488-3900, email: [email protected]