Nitro Petroleum Incorporated, a development stage company, was incorporated on October 27, 2003, under the laws of the State of Nevada and currently has its principal offices at 7250 NW Express Way, Suite 260, Oklahoma City, OK 73121. The telephone number is (405) 728-3800. Through January 31, 2007, the Company has generated $64,775 in revenues from operations.

The Company has one subsidiary, Ingenium Capital B.C. Ltd., a wholly owned subsidiary incorporated under the laws of British Columbia. That subsidiary is currently in a process of being dissolved by the BC Registrar of Companies. The mineral claim it owned, known as the Glove Claim comprised of a twenty unit grid claim block with an area of 400 hectares and located in the Pass Creek area 20 kilometers north of Grand Forks, British Columbia, Canada, has been abandoned by the Company.