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Petrominerales Confirms Fourth Quarter Dividend

CALGARY, ALBERTA -- (Marketwire) -- 12/14/12 -- Petrominerales (TSX:PMG) (BVC:PMGC) is pleased to announce that our cash dividend for the fourth quarter of 2012 will be paid on January 15, 2013 to Petrominerales shareholders of record on December 31, 2012. The fourth quarter 2012 dividend payment will be CDN$0.125 per Petrominerales share. The ex-dividend date is December 27, 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/investor-information/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.

Contacts:
Petrominerales Ltd.
Corey C. Ruttan
President and Chief Executive Officer
403.705.8850 or 011.571.629.2701

Petrominerales Ltd.
Jack F. Scott
Chief Operating Officer
403.705.8850 or 011.571.629.2701

Petrominerales Ltd.
Kelly D. Sledz
Chief Financial Officer
403.705.8850 or 011.571.629.2701
ir@petrominerales.com

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