Petro Uno's Special Warrants Convert to Free Trading Stock

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Petro Uno Resources Ltd. ("Petro Uno" or the "Company") (TSX VENTURE:PUP) is
pleased to announce that today a receipt has been issued for the final
prospectus filed in connection with the qualification of 19,170,500 common
shares ("Common Shares") of Petro Uno underlying the 19,170,500 special warrants
("Special Warrants") issued and sold on November 29, 2010. As a result, each
Special Warrant shall automatically convert to one free trading Common Share.


A copy of the final prospectus and receipt are available on SEDAR under the
Company's profile at www.sedar.com and a copy of the prospectus will be
delivered to each registered owner of Special Warrants.


About Petro Uno Resources Ltd.

Petro Uno is a junior oil and gas company, trading on the TSX Venture Exchange
under the symbol "PUP". 


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.