GRPR News Grid Petroleum enters into Letter of

DENVER, Sept. 20, 2012 /PRNewswire/ -- Grid Petroleum Corp. (OTCBB: GRPR): The Board of Directors is pleased to announce that Grid Petroleum has received Notification from the Premont Joint Venture Operator, Dan Polk of Progas Services Inc, that the completion process for the Garcia #3 is continuing to progress after experiencing minor delays due to excessive rain in the area.

The completion is underway and will continue until the Garcia #3 is producing consistent commercial flow rates.

The Company is informed by Dan Polk of Progas Services Inc, that the completion will experience no further complications, subject to weather. It is of the utmost priority of the Company that the Garcia #3 well of the Northwest Premont field begin commercial production without further delay.

The Company will monitor situation on a daily basis and report progress in the completion process as it develops.

Grid Petroleum Production Inc has entered into a Letter of Intent for the Leasing and Commercial Oil and Gas development of a significant prospect in the Northwest Premont area of Texas, not related to any Areas of Mutual Interest previously Identified by Progas Services Inc, the current Joint Venture Operator.

This prospect has identical Geology as the current Northwest Premont Field, with shut in production from both Oil and Gas, not currently being produced.