| 1.             | Name of corporation:                                                                                                                                                                                                                       |                |   |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------|--------|
|           |                                                                                                                                                                                                                                       |                |   |
|           | Rio Grande Petroleum Inc.                                                                                                                                                                                                                  |                |   |
|           |                                                                                                                                                                                                                                       |                |   |
| 2.             | The board of directors have adopted a resolution pursuant to NRS 78.209 and have obtained any required approval of the stockholders.                                                                                                       |
|           |                                                                                                                                                                                                                                       |                |   |
| 3.             | The current number of authorized shares and the par value, if any, of each class or series, if any, of shares before the change:                                                                                                           |
|           |                                                                                                                                                                                                                                       |                |   |
|           | Five-hundred million (500,000,000) shares of Common Stock, $0.001 par value per share.                                                                                                                                                     |
|           |                                                                                                                                                                                                                                       |                |   |
| 4.             | The number of authorized shares and the par value, if any, of each class or series, if any, of shares after the change:                                                                                                                    |
|           |                                                                                                                                                                                                                                       |                |   |
|           | One-hundred million (100,000,000) shares of Common Stock, $0.001 par value per share.                                                                                                                                                      |
|           |                                                                                                                                                                                                                                       |                |   |
| 5.   | The number of shares of each affected class or series, if any, to be issued after the change in exchange for each issued share of the same class or series:                                                                                |
|           |                                                                                                                                                                                                                                       |                |   |
|           | One (1) share of Common Stock shall be issued after the change in exchange for each five (5) shares of Common Stock issued.                                                                                                                |
|           |                                                                                                                                                                                                                                       |                |   |
| 6.             | The provisions, if any, for the issuance of fractional shares, or for the payment of money or the issuance of scrip to stockholders otherwise entitled to a fraction of a share and the percentage of outstanding shares affected thereby: |
|           |                                                                                                                                                                                                                                       |                |   |
|           | Fractional shares shall be rounded up to the nearest whole share.                                                                                                                                                                          |
|           |                                                                                                                                                                                                                                       |                |   |
| 7.        | Effective date of filing: (optional)                                                                                                                                                                                                       |  April 1, 2011 |   |
|           |                                                                                                                                                                                                                                       |                |   |
| 8.             | Signature: (required)                                                                                                                                                                                                                      |                |   |

| /s/ Abram Janz       | President & Chief Executive Officer |   |
|----------------------|-----------------------------------------|--------|
| Authorized Signature |  Title                             |   |
|                 |                                    |   |

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