Petrominerales Confirms Third Quarter Dividend

CALGARY, ALBERTA--(Marketwire - Sept. 17, 2012) - Petrominerales Ltd. ("Petrominerales") (PMG.TO) (BVC:PMGC) is pleased to announce that our cash dividend for the third quarter of 2012 will be paid on October 15, 2012 to Petrominerales shareholders of record on September 30, 2012. The third quarter 2012 dividend payment will be CDN$0.125 per Petrominerales share. The ex-dividend date is September 26, 2012.

Shareholders of record entitled to receive a dividend payment for Petrominerales shares acquired through the Bolsa de Valores de Colombia ("BVC") will receive the Colombian peso equivalent of their dividend entitlement, calculated based on the US dollar to Colombian peso exchange rate on the day of the conversion, which will be published on the Sistema Integral de Informacion del Mercado de Valores (SIMEV) website, when available. Shareholders who acquired their shares through the BVC may experience a slight delay in the receipt of their dividend entitlement as a result of local currency exchange procedures.

For more information regarding Petrominerales' dividend, please refer to our website at http://www.petrominerales.com/investors/dividends.

Petrominerales Ltd. is an international oil and gas company operating in Latin America since 2002. Today, Petrominerales is one of the most active exploration companies and one of the largest oil producers in Colombia. Our high quality land base and multi-year inventory of exploration opportunities provides long-term growth potential for years to come.