Alpetro Resources Ltd.: News Release

- Alpetro Resources Ltd.(TSX VENTURE:ALF) advises that it has filed its
unaudited interim financial statements for the three months ended March 31,2010.



Q1 2010 SUMMARY



--  Production averaged 91 boe/d in Q1 2010 compared to 131 boe/d in Q1
    2009. 
--  Oil and gas revenue decreased 20% in Q1 2010 to $334,058 compared to
    $420,726 in Q1 2009 due to sharp decline of gas prices 
--  Farm out negotiation continued with Lands End Resources to open up 12-36
    shut-in well (50% W.I.) at Edson by radial horizontal drilling. 
--  Carefully managed capital expenditures commensurate with available funds
    flow. 
--  The bank loan of $900,000 (2008 - $850,000) represents the outstanding
    balance under a $1,500,000 secured credit facility with a Canadian
    lending institution. 



BOE's may be misleading, particularly if used in isolation. A BOE conversion
ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
wellhead.


Information provided herein contains forward-looking statements. The reader is
cautioned that assumptions used in the preparation of such information, which
are considered reasonable by Alpetro at the time of preparation, may prove to be
incorrect. Actual results achieved will vary from the information provide and
the variations may be material. There is no representation by Alpetro that
actual results achieved will be the same in whole or part as those indicated in
the forward-looking statements.