Rainy River Grants Stock Options

VANCOUVER, BRITISH COLUMBIA, Feb 17, 2010 (MARKETWIRE via COMTEX) -- Rainy River Resources Ltd. /quotes/comstock/11v!rr (CA:RR 4.93, +0.03, +0.61%) (the "Company") announces that pursuant to an annual review of its officers, directors and employees, the Company has granted options to acquire a total of 855,000 common shares to directors, officers and employees at the exercise price of $5.00 per share for a period of 5 years and vesting over a three year period.

About Rainy River Resources Ltd.

Rainy River Resources is a Canadian precious metals exploration company whose key asset is the Rainy River gold project. With over CAN$19 million in its treasury, the Company is well funded to conduct a dual-focused drilling program consisting of: 1) definition diamond drilling of the main gold resources in preparation for scoping and pre-feasibility studies, and 2) selective diamond drill testing of high-priority gold targets defined primarily by RC drilling within the large gold system centered in Richardson Township. The Company's property is extremely well located in the southwestern corner of northern Ontario near the U.S. border. It is accessed by a network of roads and is close to hydro-electric infrastructure. The Rainy River district has a skilled labour force and is one of the lowest-cost areas for mineral exploration and development. Ontario has low political risk and, according to the annual Fraser Institute global survey of the mining industry, has consistently ranked as one of the top jurisdictions embracing mineral development.

RAINY RIVER RESOURCES LTD.

Raymond W. Threlkeld, President & CEO

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, continued availability of capital and financing and general economic, market or business conditions. The Company cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Company's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. Please see the public filings of the Company at www.sedar.com for further information.

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.


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Bison Gold Announces Stock Option Grants

TORONTO, ONTARIO, Feb 17, 2010 (MARKETWIRE via COMTEX) -- Bison Gold Resources Inc. /quotes/comstock/11v!bge (CA:BGE 0.15, 0.00, 0.00%) ("Bison Gold" or the "Company") announced today that under the Company's stock option plan, it had granted on February 16, 2010, to directors and consultants of the Company, incentive stock options to purchase a total of 900,000 common shares of the Company at an exercise price of $0.13 per share, expiring February 16, 2015. These incentive stock options are subject to acceptance by the TSX Venture Exchange (the "TSXV") and the Company's Board of Directors. The number of shares reserved for issuance under the plan is 3,535,047, of which 2,970,000 have been granted under the plan.

About Bison Gold

Bison Gold is a Canadian public company listed on the TSX Venture Exchange. Bison Gold is focused on gold exploration with property assets in Canada. Further details can be found on Bison Gold's website at www.bisongold.com.

This news release contains forward-looking statements regarding the timing and content of upcoming programs and may be subject to regulatory approval. Actual results may differ materially from those currently anticipated in such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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ZoomerMedia Grant Stock Options

TORONTO, ONTARIO, Feb 19, 2010 (MARKETWIRE via COMTEX) -- ZoomerMedia Limited ("Zoomer") /quotes/comstock/11v!zum (CA:ZUM 0.15, -0.01, -3.33%) is pleased to announce that it has granted a total of 7,300,000 options to various officers, directors, consultants and employees under the stock option plan of Zoomer. 6,700,000 options granted to certain directors and officers of Zoomer shall only vest upon the completion of the asset acquisitions as further described in Zoomer's press release dated January 25, 2010 (the "Acquisitions"). One-third such options are exercisable at $0.135 per option and vest on the day that is one year following the completion of the Acquisitions, one-third of such options are exercisable at $0.15 per option and vest on the date that is two years following the completion of the Acquisitions and one-third of such options are exercisable at $0.20 per option and vest on the date that is three years following the completion of the Acquisitions.

Of the remaining 600,000 options, 200,000 of these options are exercisable at $0.135 per option and vest on February 18, 2011, 200,000 of these options are exercisable at $0.15 per option and vest on February 18, 2012 and 200,000 of these options are exercisable at $0.20 per option and vest on February 18, 2013.

The grant of all options remains subject to regulatory approval.

About ZoomerMedia Limited

Zoomer publishes Zoomer Magazine, the largest paid circulation magazine in Canada for the mature market. Published nine times a year, Zoomer Magazine has a paid circulation of approximately 180,000 and places approximately a further 30,000 copies on newsstands.

Zoomer also derives royalty revenue through the provision of exclusive marketing and membership services to CARP, A New Vision of Aging for Canada.

Zoomer is also Canada's leading provider of online content targeting the 45 plus age group. It's portfolio of web sites and electronic newsletters delivers over 2 million page per views per month. The key property is www.50plus.com, which offers a wide range of information, entertainment, community connection (forums, dating, blogs) and commerce together with four electronic newsletters (health, money, travel, lifestyle), each of which has over 120,000 opt-in subscribers.

Zoomer also produces and manages www.carp.ca, the online home of CARP. With approximately 350,000 members, CARP is Canada's largest association for the 45 plus. Zoomer also produces CARP Action Online, an electronic newsletter for CARP members.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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Mint Grants Stock Options

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Mint Technology Corp. ("Mint" or the "Company") (TSX:MIT) today announced that it has granted senior officers options to purchase a total of 4,065,600 common shares under Mint's stock option plan. These options were issued in lieu of cash compensation otherwise payable for the period of January 1 - December 31 2009.

The options are exercisable at $0.125 for a period of 2 years expiring January 21, 2013 and are subject to a hold period of 6 months from date of issue. Options were granted to Chris Hogg, Mint's CEO (1,005,600 common shares), Debbie Gamble, Mint's COO (1,080,000 common shares), Bradley Kruse, Mint's SVP of Global Business Development (1,584,000 common shares) and Andrew Martinez, Mint's Commercial Director and now Mint's CFO (396,000 common shares).

The board of directors has approved an amendment to the stock option plan increasing the number of shares reserved under the plan from 5,000,000 to 7,000,000. This was necessary to accommodate the option grants. The shares reserved for issuance under all stock options (including the options referred to in this press release), total 6,959,860 (representing 12.5% of the outstanding common shares and 7.2% of the fully diluted capital of the Company).

The amendments to the stock option plan are subject to stock exchange approval and approval by the shareholders and disinterested shareholders of Mint at its annual meeting scheduled for February 26, 2010. Until those approvals are obtained, each of the option announced today has been limited to prohibit the exercise of options in excess of the current maximum size of the plan.

Following the options issue, Chris Hogg of Radnor, Pennsylvania USA will own and control through Glocap Management Inc 1,180,800 common shares, 2,696,000 warrants and 2,755,600 options. The common shares owned by Mr. Hogg will represent approximately 2.12% of the outstanding common shares of Mint. If the warrants and options owned by Mr. Hogg are fully exercised, the holdings of Mr. Hogg would represent approximately 10.8% of the outstanding common shares of Mint (assuming that no other outstanding warrants and options of Mint are exercised). Mr. Hogg may increase or decrease his investment in Mint depending on market conditions or other relevant factors.

ABOUT MINT TECHNOLOGY CORP.

Mint Technology Corp. is a pioneer in prepaid financial products and services and is Canada's first provider of prepaid credit card programs. As a MasterCard(R) Member Service Provider, Mint works with business partners to customize prepaid credit card programs that are tailored to meet a company and its card holder's needs. Mint has developed a secure, robust payments platform that provides an improved means to handle and manage financial transactions. Mint also provides services for those clients looking to move towards 'next generation' payment methods that include chip, internet, data mining and mobile phone load and remittance technologies. Mint's prepaid card products include general spend for the underserved, youth and employee payroll. Stock Symbol: MIT on the TSX Venture Exchange.


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Lakeside Steel announces third quarter results and issues stock options

Lakeside Steel Inc. (TSX-V: LS | Quote | Chart | News | PowerRating) ("Lakeside Steel" or the "Company") today reported results for the third quarter ended December 31, 2009. For the three months ended December 31, 2009, the Company's revenue was $27,039,774, which is a decline of $38,318,352 or 58.6% compared to revenue of $65,358,126 for the three months ended December 31, 2008. The Company's net loss for the three months ended December 31, 2009 was $3,757,057, a decline of $8,607,337 from net income of $4,850,280 for the three months ended December 31, 2008. The Company had a loss per share of $0.06 for the third quarter ended December 31, 2009, compared to earnings per share of $0.08 for the third quarter in the prior year.

The Company's EBITDA was ($6,059,397) for the three months ended December 31, 2009, a decline of $11,393,759 from EBITDA of $5,334,362 for the three months ended December 31, 2008. Despite these losses, the Company has been able to maintain positive cash flows of $1,757,945 in the three months ended December 31, 2009 and $6,012,879 for the nine months ended December 31, 2009 by selling its surplus inventory.

Demand in the oil and gas sector for the Oil Country Tubular Goods manufactured by Lakeside Steel Corporation ("Lakeside"), Lakeside Steel's wholly-owned subsidiary, has experienced a positive increase in the third quarter. Management believes that this trend will continue into the fourth quarter of fiscal 2010 and the first quarter of fiscal 2011. Lakeside's current order book provides a full production load in both of its mills until May 2010. Lakeside continues to develop its distribution network, currently supplying to over 300 yards and warehouses throughout North America.

Ron Bedard, President and CEO, commented that "Lakeside has weathered the economic storm that the industry as a whole faced in 2009. Lakeside will continue to drive cost improvements and enhance revenue and margin. We expect to see a significant improvement in Q4 as a result of increased load and further cost reductions and therefore we anticipate revenue of approximately $40 million for Q4."

The Company also announced that, subject to receipt of required regulatory approvals, it granted stock options under its 10 per cent rolling Stock Option Plan to a director, and certain officers and employees of the Company and Lakeside to purchase in the aggregate up to 900,000 common shares (the "Stock Options") in the capital of the Company. The exercise price of the Stock Options is $0.33 per share, the closing price of the common shares on February 5, 2010. The Stock Options expire February 7, 2020. Ten percent of the Stock Options vest immediately with the balance vesting as to fifteen percent each every six months from the date of grant, subject to the terms and conditions of the Company's Stock Option Plan.

About Lakeside Steel Inc.

Lakeside Steel is a 2010 TSX Venture Exchange 50 company and the parent company of Lakeside. Lakeside, located in Welland, Ontario, is a diversified steel pipe and tubing manufacturer. Lakeside's list of customers includes large oil and gas, mining, automotive and commercial and industrial supply companies. In addition to supplying its products in these industries, Lakeside manufactures pipe and mechanical tubing for the resale market, which is sold to distributors in Eastern Canada and the Northeastern United States. Lakeside manufactures a variety of products for these industries including oil well tubing and casing, mechanical tubing, pressure tubing, automotive tubing, hollows for redraw, line pipe, heating and plumbing pipe, drill rod and specialty tubing. Lakeside serves customers worldwide, either directly or indirectly, in Canada and the United States.

This press release may contain forward-looking statements with respect to the Company, its operations, strategy, financial performance and condition. These statements generally can be identified by use of forward looking words such as "may", "will", "expect", "estimate", "anticipate", intends", "believe" or "continue" or the negative thereof or similar variations. The actual results and performance of the Company discussed herein could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulations and the factors described under "Risk Factors" in the Management's Discussion and Analysis and Filing Statement of the Company which are available at www.sedar.com. The cautionary statements qualify all forward-looking statements attributable to the Company and persons acting on their behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and the Company has no obligation to update such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Lakeside Steel was recognized as a TSX Venture 50(R) company in 2010. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license.


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Eurasian Minerals Inc.: Granting of Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA, Feb 09, 2010 (MARKETWIRE via COMTEX) -- Eurasian Minerals Inc. /quotes/comstock/11v!emx (CA:EMX 1.83, 0.00, 0.00%) (the "Company") announces that pursuant to the Company's Stock Option Plan, 200,000 incentive stock options, exercisable at $1.74 per share for a period of five years, have been granted to a director and certain employees of Bronco Creek Exploration Inc., a subsidiary of the Company.

Forward-Looking Statement: Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Eurasian Minerals Inc. Actual results may differ materially from those currently anticipated in such statements.

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.


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Stroud Announces Grant of Stock Options

TORONTO, ONTARIO, Feb 09, 2010 (MARKETWIRE via COMTEX) -- Stroud Resources Ltd. /quotes/comstock/11v!sdr (CA:SDR 0.08, 0.00, 0.00%) ("Stroud" or the "Company") announced, subject to acceptance by the TSX Venture Exchange, that it has granted options to acquire an aggregate of 3,100,000 common shares to directors and officers of the Company under Stroud's stock option plan. Each option is exercisable to acquire one common share at a price of $0.10 per share for a three-year period. The options vest as to one-third immediately and one-third on each of the 7 and 13 month anniversaries of the date of grant.

Stroud is a debt-free exploration company focused on the discovery and exploration of silver and gold deposits in Mexico and Ontario. Stroud owns a 100% interest in the Santo Domingo epithermal silver-gold project in central Mexico. In addition to the Santo Domingo project, Stroud's assets include 100% interests in the Hislop gold property, near Timmins, Ontario and the Leckie gold property, near North Bay, Ontario. Stroud also generates cash flow from a 3.75% interest in six natural gas, and natural gas condensate wells in central Alberta.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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Fission Grants Stock Options

FISSION ENERGY CORP. ("Fission" or "the Company") (TSX VENTURE:FIS) has granted incentive stock options for Directors, Officers, employees and consultants, entitling them to purchase an aggregate of 1,200,000 shares in the capital of the Company subject to the policies of the TSX Venture Exchange. The options are exercisable until February 3, 2015 at a price of C $.55 per share.

FISSION ENERGY CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. FISSION ENERGY CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "FIS".


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Abcourt Mines: Amendement to the Stock Option Plan and Grant of Stock Options in Favor of Directors

MONT-ST-HILAIRE, QUEBEC, Feb 05, 2010 (MARKETWIRE via COMTEX) -- Mr. Renaud Hinse, president and C.E.O. of Abcourt Mines Inc. (TSX VENTURE: ABI) (BERLIN: ABI) (FRANKFURT: ABI), is pleased to announce that on February 3, 2010, the Board of directors of Abcourt Mines Inc. has approved an amendment to the Company's stock option plan in order to increase the maximum number of shares that may be issued under the plan from 4,319,000 to 7,400,000. This amendment is subject to the approval of the TSX-Venture Exchange.

Furthermore, the directors have granted a stock option to purchase 100,000 Class B shares of the Company, at an exercise price of $0.16 per share, to Renaud Hinse, its President and Chief Executive Officer and stock options to purchase an aggregate of 350,000 Class B shares in favor of two directors, at an exercise price of $0.21 per share. These options, valid for 5 years, were granted in accordance with the Company's stock option plan. With this grant, the Company now has a number of 3,350,000 stock options outstanding.

The directors and officers of the Company receive no salary and their only remuneration is the options that they receive, except the President and Chief Executive Officer who is paid engineer fees and one director who receives consulting fees for the time spent on the projects and affairs of the Company. The grant of stock options by the Company provide its officers and directors with a long-term incentive for performance and commitment to the Company. The Company believes that participation by the officers and directors in the stock option plan aligns their interests with those of its shareholders, as they are rewarded for the Company's performance as evidenced by share price appreciation. The grant of stock options allows the Company to attract, motivate and retain qualified individuals necessary to achieve corporate objectives of the Company.

Abcourt Mines Inc. is an exploration and development company with strategically located properties in Northwestern Quebec, Canada. The Abcourt-Barvue project with 43-101 silver-zinc ore reserves and resources and the Elder mine with 43-101 gold resources and the Aldermac property with historical copper-zinc resources are all former producers. Abcourt is now focused on bringing the Abcourt-Barvue and Elder projects back in production and at the same time, it is working on other projects (Aldermac, Jonpol and Vendome), to increase its mineral resources inventory. A positive 43-101 feasibility study was completed in 2007 on the Abcourt-Barvue project. In addition, mill equipment was purchased. To know more about Abcourt, please consult our web site www.abcourt.com and Sedar www.sedar.com, see "Abcourt Mines Inc". A small location plan and longitudinal projection of the Aldermac mineralized zones are shown on our web site. A small location plan of the Elder and Tagami properties is also shown on our web site.

FORWARD-LOOKING STATEMENTS: Except for statements of historical facts, all statements in this news release, including, without limitation, statements regarding forecasts, plans and objectives of Abcourt Mines Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. This press release was prepared by Mr. Renaud Hinse, a qualified person, president of Abcourt Mines Inc.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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Ridgeline Announces Grant of Stock Options

CALGARY, ALBERTA--(Marketwire - Jan. 26, 2010) - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSX VENTURE:RLE), announces that it has granted 500,000 stock options to purchase common shares to certain employees and consultants.


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Blue Note Mining Issues Stock Options

MONTREAL, Jan. 25, 2010 (Canada NewsWire via COMTEX News Network) --

Blue Note Mining Inc. (BNT:TSXV) reports that it has issued a total of 3,500,000 incentive stock options on January 25, 2010, subject to regulatory consent.

Officers and directors of Blue Note were granted 2,900,000 incentive stock options. The balance of the stock options were issued to employees and consultants of the company. These incentive stock options are exercisable at $0.185 with an expiry date of January 25, 2015. There is an eighteen month vesting period, which includes a four month hold period expiring on May 26, 2010.

About Blue Note Mining

Blue Note Mining is a mineral exploration and mining company headquartered in Montreal with properties located in known gold regions of Mexico and Canada, including the prolific Sierra Madre Gold Belt, the Val-d'Or region of Quebec and northern New Brunswick. The company's shares trade on the TSX Venture Exchange under the symbol BNT.

<<>>

This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."


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Chrysos Incentive Stock Options

HALIFAX, NOVA SCOTIA -- (Marketwire) -- 01/22/10 -- Gregory Isenor, P.Geo., President and CEO of Chrysos Capital Corp. ("Chrysos")(TSX VENTURE: CSZ) announces:

Stock Option

Chrysos announces that up to 4,490,000 incentive stock options have been granted to directors, employees and consultants pursuant to Chrysos' rolling stock option plan. The stock options are exercisable for ten years at $0.20 per share. The closing price of Chrysos shares on the TSX Venture Exchange on January 21, 2010 was $0.20 per share. The rolling stock option plan must be approved annually by the shareholders in a general meeting and none of the incentive stock options now granted will be exercised until such time as that approval has been received.

The principal assets of Chrysos are a 100% ownership of the Niaouleni Gold Project in Mali and a 50% interest in the Jubilee Zinc Project and ancillary zinc properties, the Cape Breton Regional Zinc Claims and the Eastville Permits, all in Nova Scotia.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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Explor Resources Grants Stock Options

ROUYN-NORANDA, CANADA -- 01/28/10 -- Explor Resources Inc. TSX VENTURE:EXS) is pleased to announce the granting of 2,650,000 stock options to directors and consultants of Explor Resources Inc. to acquire shares of the Company at $0.92. The Options are valid for a period of 5 years and expire January 28, 2015.

Bay Street Connect, a firm providing investor relations services to the Company will continue to be paid a monthly fee of $3,000 plus allowable disbursements. Additionally, Bay Street Connect will receive incentive stock options, to acquire 250,000 common shares at an exercise price of $0.92 per share, valid for a period of one (1) year.

Also, Explor is granting Union Securities Ltd, incentive stock options, valid for one (1) year, to acquire 750,000 common shares at an exercise price of $0.92 per share, for providing fiscal agency services to the Company.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, QuÃ(c)bec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and QuÃ(c)bec with approximately 33% in Ontario and 67% in QuÃ(c)bec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Company is headquartered in QuÃ(c)bec and was incorporated in Alberta in 1986.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS).

This press release was prepared by Explor Resources Inc. Neither the TSX Venture Exchange Inc nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

This document may contain forward-looking statements relating to Explor's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.


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Genoil Announces Grant of Stock Options

Genoil Inc. (TSX VENTURE: GNO) (OTCBB: GNOLF) announced today that the Board of Directors of the Corporation has approved a grant of an aggregate 5,700,000 options to directors and consultants to acquire up to 5,700,000 common shares of the Corporation as compensation.

Genoil's Chairman and CEO has been granted 1,700,000 options pursuant to the Corporation's stock option plan for serving for serving as a director for the year commencing on the date of the Corporation's 2009 annual meeting and a further 3,000,000 as consideration for serving as Chairman and CEO of the Corporation, replacing options that were granted as salary and have since expired. Additionally, two of the Corporation's outside directors, John O'Donnell and David A. Johnson, have been each granted 250,000 options in consideration for their efforts and roles on the board. The remaining 500,000 of such options have been granted to a Consultant of the Corporation.

All of the 5,700,000 options were approved with an exercise price of C$0.18, being the closing price of Genoil's shares on the TSX Venture Exchange on the date preceding this press release. All of the options approved have a term of five years from the date of grant and vest immediately, and are conditional upon the receipt of all necessary regulatory and stock exchange approvals.

Genoil is an international engineering technology development company based in Alberta, Canada that develops innovative hydrocarbon, oil and water separation, and marine technologies.


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COPEINCA EMPLOYEE STOCK OPTION PROGRAM

Reference is made to the announcement from Copeinca ASA dated 30, Jan 2008,
regarding Copeinca ASA´s Employee Stock Option Program.

According to the authorization given to the board by the extraordinary general
meeting held on May 7, 2008, the board of Copeinca ASA was authorized to
increase the share capital by up to NOK 4,650,000 through the issue of up to
930,000 shares.

On January 11, 2010 the board of Copeinca ASA approved the distribution of the
remaining stock options.

1) 370,000 share options will be issued to nine key management employees
as detailed in Schedule II
2) The strike price of the share options will be 45NOK.
3) The options will vest over the next three years (subject to termination
of employment) at a rate of 33.3% per year to each employee.
4) A maximum price (CAP) per share has been established at 120 NOK, if the
price of the shares at the time the options are exercised, exceeds 120 NOK, the
strike price will be adjusted upwards, so that the difference between the market
price and the strike price (the value of each option) is not greater than 80
NOKS.


Schedule II:

The following key management employees have been awarded the following number of
options (new holding of options in parenthesis)




CEO Samuel Dyer Coriat 130,000 options (350,000)

Deputy CEO Pablo Trapunsky 45,000 options (145,000)

CFO Eduardo Castro-Mendivil 35,000 options (135,000)

Fleet Manager Reserved 70,000 options (70,000)

Production Manager Douglas Bucchelli 30,000 options (70,000)

CSO Mercedes Tang Tang 20,000 options (60,000)

Legal Giuliana Cavassa 10,000 options (30,000)

HR Manager Nathalie Mas 20,000 options (40,000)

Logistics Manager Clemencia Barreto 10,000 options (30,000)

Total 370,000 options (930,000)


For further information, please contact:
CEO Samuel Dyer, sdyerc@copeinca.com.pe
CFO Eduardo Castro-Mendivil, ecastromendi@copeinca.com.pe

Tel. (511) 213-4000


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Canadian Spirit Resources Inc. Announces Grant of Stock Options

CALGARY, ALBERTA, Jan 18, 2010 (Marketwire via COMTEX) --

Canadian Spirit Resources Inc. ("CSRI" or the "Company") (TSX VENTURE: SPI | Quote | Chart | News | PowerRating) (PINK SHEETS: CSPUF | Quote | Chart | News | PowerRating) announces that, subject to TSX Venture Exchange ("TSX-V") acceptance, the Company's Board of Directors has approved a grant of 715,000 options to acquire shares of the Company in accordance with the terms and conditions of the Company's Stock Option Plan.

Independent directors of the Company were granted a total of 125,000 options as compensation for their services. Officers and employees were granted a total of 590,000 options as incentive compensation. All the options have a term of five years and may be exercised at a price of C$1.80 per share.

Currently, the Company has 3,268,500 common shares reserved for issuance of which options to acquire 2,082,000 will be outstanding on January 19, 2010. Subject to acceptance by the TSX-V, this grant of options will result in a total of 2,797,000 options outstanding at a weighted average exercise price of C$1.20 per share, representing 5.7 percent of the total common shares currently outstanding.

Holders of share purchase warrants issued February 19, 2008 are reminded that these warrants, exercisable at a price of C$0.80 per share, will expire on February 19, 2010.

CSRI is a natural resources company focusing on the identification and development of opportunities in the unconventional gas sector of the energy industry. The mission of the Company is to develop 1 trillion cubic feet of natural gas from unconventional resource plays in western Canada. The Company is currently evaluating the productive capability of both its shallow Gething play and its deeper Montney play through joint ventures with two well-capitalized partners. Both of these plays are located on the Company's principal resource property at Farrell Creek, British Columbia.

Information regarding CSRI is available on SEDAR at www.sedar.com or the Company's website at www.csri.ca.

On behalf of the Board of Directors,

CANADIAN SPIRIT RESOURCES INC.

Don Gardner, Chief Executive Officer

The corporate information contained in this news release may contain forward-looking forecast information. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonably accurate by CSRI at the time of preparation, may prove to be incorrect. The actual results achieved during the forecast period will vary from the information provided herein and the variations may be material. Consequently there is no representation by CSRI that actual results achieved during the forecast period will be the same in whole or in part as those forecast.


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PetroGlobe Announces Stock Option Grant

CALGARY, ALBERTA--(Marketwire - Jan. 21, 2010) - PetroGlobe Inc. ("PetroGlobe" or the "Company") (TSX VENTURE:PGB) announces that on November 19, 2009 it granted, in accordance with the Company's stock option plan, options to acquire up to 875,000 common shares of PetroGlobe at an exercise price of $0.14 per share to officers and directors.

ABOUT PETROGLOBE INC.

PetroGlobe Inc. is listed on the TSX Venture Exchange and trades under the symbol PGB. PetroGlobe Inc. carries on business directly in Canada. It conducts business indirectly in the United States through PetroGlobe Energy USA Ltd. Major properties are in the Palo Duro basin of West Texas, Drayton Valley, Breton, Warburg of west-central Alberta.


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