PetroWorld

Description of business
PetroWorld Corp. is an investment company planning to invest in opportunities including companies in the resource sector, including companies in the mineral and oil and gas related industries. Target companies and assets are expected to be in Eastern Europe, the Middle East, North Africa or Asia. The Company intends to acquire 100 per cent. of target companies and will be an active investor.

Person(s) interested
Existing common shares held on admission Percentage of common share capital on admission Albert Whitehead 5,020,001 13.39 George H. Plewes 5,000,000 13.33 Bank Sol Oppenheim 3,250,000 8.67 Centrum Bank AG 2,500,000 6.67 511919 N.B. Inc. 2,200,000 5.87 HSBC Private Bank (Suisse) SA 2,000,000 5.33 Fiore Aviation 1,800,000 4.80 Frank Inouye 1,600,001 3.33

Placing and Admission to AIM

PetroWorld Corp. (the "Company") announces that its entire issued share capital
was admitted to trading on AIM 25 January 2005. At the time of Admission, the
Company placed 12,000,000 common shares in the Company to investors at 10p per
share for gross proceeds of #1,200,000 (the "Placing").

PetroWorld Corp. is an investment company planning to invest in opportunities in
the resource sector, including companies in the mineral and oil and gas related
industries. Target companies and assets are expected to be in Eastern Europe,
the Middle East, North Africa or Asia. The Company intends to acquire 100 per
cent. of target companies and will be an active investor.

The proceeds from the Placing will be used to investigate suitable acquisition
targets and to provide general working capital. Canaccord Capital (Europe)
Limited acts as Nominated Adviser and Broker to the Company.


31/03/2006 7:30 am TEMPORARY SUSPENSION OF TRADING ON AIM

At the request of the company trading on AIM for the under-mentioned securities
has been temporarily suspended from 31/03/2006 7:30 am pending the publication
of an Admission Document.