Petro Horizon Energy Corp.

Published : January 30th, 2009

SHARE CONSOLIDATION APPROVED

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=======================================================================
Re:   News Releases - Thursday, January 29, 2009
      SHARE CONSOLIDATION APPROVED
=======================================================================

VANCOUVER, British Columbia -- January 29, 2009 -- Horizon Industries
Ltd. (TSXV:HRZ), announces that the shareholders of the Company have
approved by  a wide margin, share consolidation of 8:1 of its share
capital at the extraordinary general meeting held today.  The current
issued and outstanding number of 27,418,800 shares will be consolidated
into 3,427,350 shares.  The purpose of the share consolidation is to
facilitate further financings and transactions for the Company.  The
Company also received shareholder approval for a name change to more
accurately reflect the nature of Horizon's business, which will
coincide with the share consolidation.  The share consolidation and new
Company name are subject to TSX Venture Exchange approval


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) 2009 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 Fri Jan 30, 2009 at 9:46:51 AM Pacific Time
=======================================================================
.
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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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