Patriot Energy Corporation (PGYC)

[trav2314]

MUST READ! I got my letter this things a done deal. Stocks going to .42 baby wooohooo.

http://www.patriotenergycorporation.com/shrlds_ltr.pdf


April 29, 2009

To: Shareholders & Stakeholder
Patriot Energy Corp.

Subject: Corporate Update

Dear Shareholders,

We are writing you today to provide you with information on the
recently received stock purchase offer as well as the process
undertaken to conclude the said transaction and to provide answers to
some of the common questions, and concerns we have received.

Stock Purchase Offer

We have received a stock purchase offer from a large multinational
corporation. The stock purchase offer is $0.42 per share and a
special royalty unit/share, which will pay a quarterly royalty of
$0.02 per share. Under the terms of the stock purchase offer, the name
of the acquirer is required to be kept confidential.

The name of the acquirer is not significant since there is no stock
swap planned and only a cash purchase offer. The company has
requested that their name to be kept confidential to protect their
market and current restructure program as well as to protect the
company from any contingent issue, which may arise from this
transaction.

Naturally, we are also new to this type of all stock purchase offer
and we are working with our attorneys, and theirs, on all requirements
of the transaction including the tendering of shares and payment
thereafter.

The process to concluding a transaction is fairly simple, but the
legal and contractual documentations and information circular have
been a lot more significant than anticipated and very time consuming.

Having said that, we continue to work with the buyer and are very
confident a transaction can be concluded by early summer. However,
the first step will be to call a shareholders meeting and mail out an
information circular with appropriate proxy in order to formalize the
vote. At such time, the company will request shareholders to pull
their shares from DTC and tendered to the transfer agent against
payment. The shares not tendered will be automatically pulled from
DTC and a check mailed to the brokerage firm minus a processing fee at
which time the company will be removed from trading entirely.

We understand why there are rumors and negative feelings towards our
company. We are partly to blame for the negativity since we have not
been available to answer calls and or questions from our shareholders
and this has been compounded with the fact that we have been strictly
prohibited from divulging the name of the acquirer.

In addition, the price of our shares currently trade significantly
below the offer, which can be easily explained with the fact that only
two months ago our shares were trading at $0.002. Recent corporate
activities have dramatically increased the price of our shares which
has created a very profitable transaction for those that had purchased
below $0.01 and seems to have resulted in profit taking and perhaps
some shorting of the stock. Also a large block of shares, which were
held by a former partner, were sold on the market, which created
further pressure on the stock.

The disclosure status of the company is still not cleared by the OTC
Pinksheets Market compliance and filings are being reviewed. They
have asked for further clarification from the company and we are
working towards a resolution, however, the disclosure requirements
will not take precedent over the stock purchase offer and related
material and since we have limited staff to work on said disclosure
and stock purchase offer, we prefer allocating our resources where it
will be more beneficial to our shareholders.

We continue to be grateful to all shareholders and it is our utmost
intention to provide you with accurate and timely information in order
to facilitate your decision making in either accepting and or
declining the stock purchase offer. We hope this has provided you
with the added information needed.

Again, we will continue to inform you on our situation and progress
and we thank you for your support.

Sincerely

PATRIOT ENERGY CORP.

Per: Tony Bisante
President and CEO