ALPETRO RESOURCES LTD.
Suite 2240, 444 – 5th Avenue S.W.
Calgary, Alberta T2P 2T8

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN THAT an annual general meeting (the “Meeting”) of holders of common shares of ALPETRO RESOURCES LTD. (the “Corporation”) will be held at Suite 2240, 444 – 5th Avenue S.W., Calgary, Alberta, at 10:00 a.m. (local Calgary time) on Monday, May 28, 2007, for the following purposes:

1. to receive and consider the financial statements of the Corporation for the financial year ended December 31, 2006, and the auditors’ report thereon;

2. to fix the number of directors of the Corporation to be elected at the Meeting at five (5);

3. to elect the Board of Directors of the Corporation for the ensuing year;

4. to appoint auditors of the Corporation for the ensuing year and to authorize the Board of Directors to fix the auditors’ remuneration;

5. to consider, and if thought fit, to pass an ordinary resolution re-approving the Stock Option Plan of the Corporation and to authorize the directors of the Corporation to make any amendments thereto that may be required for the purpose of obtaining the approval of any regulatory authorities as more particularly described in the accompanying Management Information Circular dated April 27, 2007; and

6. to transact such other business as may be properly brought before the Meeting or any adjournment thereof.

DATED at the City of Calgary, in the Province of Alberta, this 27th day of April, 2007.

BY ORDER OF THE BOARD OF DIRECTORS

signed____________________________
Nazrul Islam

President, Chief Executive Officer and Director

IMPORTANT

It is desirable that as many shares as possible be represented at the Meeting. If you do not expect to attend and would like your shares represented, please complete the enclosed instrument of proxy and return it as soon as possible in the envelope provided for that purpose. All proxies, to be valid, must be received by Computershare Trust Company of Canada, Proxy Department, 100 University Avenue, 9th Floor, Toronto, Ontario M5J 2Y1, at least forty-eight (48) hours (excluding Saturdays, Sundays and holidays) prior to the Meeting or any adjournment thereof. Late proxies may be accepted or rejected by the Chairman of the Meeting in his discretion, and the Chairman is under no obligation to accept or reject any particular late proxy.