The Company has also reacquired 5% of the Nkani property from Austin Developments Corp. increasing its interest to 77% after payout. The Company has also acquired ten million units of Austin Developments Corp. including ten million common shares and warrants to purchase an additional ten million shares for 2 years at an exercise price of $0.15. Austin Developments trades on the TSX Venture Exchange.

Full Article: www.Kitco.com - August 20, 2008 – Petrol One Corp. (the "Company") (CNQ Exchange: PONE)