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Petro Horizon Energy Corp.

Published : May 27th, 2008

CLOSES PRIVATE PLACEMENT

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=======================================================================
Re:   News Releases - Tuesday, May 27, 2008
      HORIZON CLOSES PRIVATE PLACEMENT
=======================================================================

VANCOUVER, British Columbia --  May 27, 2008 -- Horizon Industries Ltd.
(TSXV:HRZ), is pleased to announce that the Company has closed it's
non-brokered private placement referred to in the Company's news
release dated May 13, 2008.  The private placement comprises 2,030,000
shares in the capital stock of the Company at a price of $0.10 per unit
for total gross proceeds of $203,000.  Each unit consists of one common
share and one share purchase warrant.  Each share purchase warrant
entitles the holder thereof to purchase one additional share of the
Company at a price of $0.20 per share for a period of one year from the
date of Closing. 

On Behalf of the board of directors,

"Christopher Wensley"
Christopher Wensley, President

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this News
Release.  WARNING:  The Company relies on litigation protection for
"forward looking" statements.  Actual results could differ materially
from those described in the news release as a result of numerous
factors, some of which are outside the control of the Company.

=======================================================================
Copyright (c) 2008 HORIZON INDUSTRIES LTD. (HRZ)  All rights reserved.
For more information visit our website at
http://www.horizonindustriesltd.com/ or send
mailto:info@horizonindustriesltd.com
Message sent on Tue May 27, 2008 at 10:03:40 AM Pacific Time
=======================================================================
.

Petro Horizon Energy Corp.

EXPLORATION STAGE
CODE : PHE.V
ISIN : CA7164501016
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Petro Horizon Energy is a and oil exploration company based in Canada.

Its main exploration properties are NEW WAVERLY PROSPECT and FUNK PROSPECT in USA.

Petro Horizon Energy is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.0 millions as of today (US$ 2.0 millions, € 1.6 millions).

Its stock quote reached its lowest recent point on January 16, 2009 at CA$ 0.01, and its highest recent level on March 19, 2010 at CA$ 0.48.

Petro Horizon Energy has 6 504 000 shares outstanding.

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Financings of Petro Horizon Energy Corp.
3/4/2009WARRANTS RE-PRICED, OPTIONS GRANTED
5/27/2008CLOSES PRIVATE PLACEMENT
5/15/2008 PRIVATE PLACEMENT FINANCING
12/7/2007PRIVATE PLACEMENT INCREASED AND WARRANTS AMENDED
Project news of Petro Horizon Energy Corp.
5/9/2008(Funk Prospect)COMPLETION UNDERWAY AT J. VELA #1 GAS WELL
4/16/2008(Funk Prospect)ACQUIRES OPTION TO PURCHASE WORKING INTEREST IN SPUDDED J. V...
2/19/2008(Funk Prospect)FUNK #2 WELL RETURNED TO SALES
Corporate news of Petro Horizon Energy Corp.
7/15/2009HIGH IMPACT LOWER WILCOX TARGETS ESTABLISHED AT NEW WAVERLY ...
3/10/2009HAMMOND # 1 WELL WORKOVER TO BEGIN
2/12/2009CONSOLIDATION, NAME CHANGE AND NEW SYMBOL
2/12/2009NEW WAVERLY UPDATE -- PRESIDENT INCREASES OWNERSHIP IN HORIZ...
1/30/2009SHARE CONSOLIDATION APPROVED
1/19/2009OPERATIONS SET TO RESUME UNDER NEW OPERATOR AT NEW WAVERLY P...
1/9/2009RE-ENTRY RESULTS AT NEW WAVERLY PROSPECT, SAN JACINTO COUNTY...
1/8/2009ANNOUNCES PROPOSED CONSOLIDATION AT UPCOMING EXTRAORDINARY G...
12/16/2008ANNOUNCES EXTRAORIDINARY GENERAL MEETING
8/25/2008ANNOUNCES GAS SALES FROM THE J. VELA#1 WELL, ZAPATA COUNTY, ...
6/13/2008RE-COMPLETION OPERATIONS UNDERWAY AT NEW WAVERLY' BROWDER 1B...
6/3/2008INCREASES WORKING INTEREST IN CITIES SERVICES BROWDER 1B WEL...
5/27/2008DRILLING OPERATIONS SCHEDULED TO BEGIN AT CITIES SERVICES WE...
5/22/2008COMPLETION UPDATE AT J. VELA #1 GAS WELL
10/26/2007 PAN AMERICAN EXPAND NEW WAVERLY - WILCOX TARGETS IDENTIFIE...
10/11/2007COMPLETION OF SUE ANN BROWDER #1 WELL UNDERWAY
10/3/2007NEXT WELL AT NEW WAVERLY UNDERWAY
9/20/2007PAN AMERICAN'S EXECUTIVES JOIN HORIZON'S BOARD AND OPERATING...
9/18/2007ADDITIONAL 360 ACRES ACQUIRED AT NEW WAVERLY INCLUDING PROSP...
9/5/2007OPERATIONS AT FUNK PROSPECT RESUME - #2 WELL PUT ON LINE TO ...
8/30/2007SETS NUMBER OF SHARES TO BE ISSUED IN RESPECT OF ACQUISITION...
7/9/2007Completion Of The Hammond #1 Well Resumes At New Waverly
7/9/2007FINANCING CLOSED
6/6/2007Completion of the Hammond #1 Well Underway at New Waverly
5/25/2007Drilling Underway at Hammond #1 in San Jacinto County, Texas
5/17/2007Well Site Preparation Underway at San Jacinto Prospect
5/14/2007ACQUIRES SIGNIFICANT WORKING INTEREST IN HIGH IMPACT PROSPEC...
3/15/2007FUNK #2 -- TIED IN TO SALES
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