OIL OPTIMIZATION INC. GRANTS STOCK OPTIONS

CALGARY, Jan. 21 /CNW/ -- 
CALGARY, Jan. 21 /CNW/ - Oil Optimization Inc. (TSXV:OOI) (the "Company") announced that on January 20, 2011, it granted 7,250,000 stock
 options (the "Options") to certain directors, officers and consultants of the Company and of
 its wholly-owned subsidiary, JSX Energy (Thailand) Limited.  Each
 Option allows the holder thereof to purchase one common share in the
 capital of the Corporation (each a "Common Share") at a price of $0.17 per Common Share, representing the closing price
 of the Common Shares on the TSX Venture Exchange on January 20, 2011.
 The Options expire on January 20, 2016.


The Options were granted pursuant to the Corporation's stock option plan
 (the "Plan"). An aggregate of 12,184,643 Common Shares may be allotted for
 issuance at any time under the Plan, of which 7,790,000 Common Shares
 are reserved for issuance as at the date hereof.


About Oil Optimization Inc. (TSXV: OOI)


The Company is a junior oil and gas exploration company headquartered in
 Calgary, Alberta.  The Company now holds interests in two onshore
 exploration blocks in Thailand being a 100% interest in Block L3/50 and
 a 50% interest in Block L9/48 and has conditionally been granted a 100%
 interest in a third onshore exploration block being Block L14/50.  The
 Company, through its wholly-owned subsidiary, JSX Energy (Thailand)
 Limited, will focus on exploring and developing each of these blocks as
 well as seeking accretive acquisitions in Thailand.


The TSX Venture Exchange does not accept responsibility for the adequacy
 or accuracy for this release.


Forward-Looking Statements


This news release contains forward-looking statements and
 forward-looking information within the meaning of applicable securities
 laws. The use of any of the words "expect", "anticipate", "continue",
 "estimate", "objective", "ongoing", "may", "will", "project", "should",
 "believe", "plans", "intends" and similar expressions are intended to
 identify forward-looking information or statements.  More particularly
 and without limitation, this news release contains forward looking
 statements and information concerning the expected activities of Oil
 Optimization.  The forward-looking statements and information are based
 on certain key expectations and assumptions made by Oil Optimization.
 Although Oil Optimization believes that the expectations and
 assumptions on which such forward-looking statements and information
 are based are reasonable, undue reliance should not be placed on the
 forward looking statements and information because Oil Optimization can
 give no assurance that they will prove to be correct. By its nature,
 such forward-looking information is subject to various risks and
 uncertainties, which could cause the actual results and expectations to
 differ materially from the anticipated results or expectations
 expressed.  Readers are cautioned not to place undue reliance on this
 forward-looking information, which is given as of the date hereof, and
 to not use such forward-looking information for anything other than its
 intended purpose. Oil Optimization undertakes no obligation to update
 publicly or revise any forward-looking information, whether as a result
 of new information, future events or otherwise, except as required by
 law.


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table border="0" valign="top"trtdOil Optimization Inc./td tdOil Optimization Inc./td/tr trtdLuc Desmarais - President and CEO   /td tdChris Serin - Chief Financial Officer/td/tr trtdPhone [phone]/td tdPhone [phone]/td/tr/table

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