Texalta Petroleum Ltd.: Annual Reserves Filing

Texalta Petroleum Ltd. ("Texalta") (TSX VENTURE:TEX.A) is pleased to announce
that it has filed with Canadian securities regulatory authorities the
Corporation's reserves data and other oil and gas information as at the year
ended June 30, 2009 required under National Instrument 51-101. These filings are
available for review at www.sedar.com.


TEX.A is a Calgary based company engaged in the exploration, acquisition and
development of prospective oil & gas properties in Saskatchewan and Alberta,
Canada. The company's wholly owned subsidiary, Texalta Australia Pty. Ltd. holds
82 percent working interest in two exploration permits covering in excess of 5.5
million acres of prospective land in the Georgina Basin, Northern Territory,
Australia.


Note: BOEs may be misleading, particularly if used in isolation. A BOE
conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion
method primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead. Production volumes will fluctuate from month to
month. The volume given is as of the date of this release only.