Novus Energy Inc. grants incentive stock options

    




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

 CALGARY, Dec. 9, 2011 /CNW/ - Novus Energy Inc. ("Novus" or the "Company")  announces that it has granted a total  of 1,100,000 options to certain employees of the Company, including  125,000 options to one officer of the Company.  These incentive stock  options are a key component in Novus' overall compensation package, and  are utilized to attract and retain top performing individuals within  each key discipline. 

 Each option entitles the holder the right to acquire one common share of  the Company at an exercise price of $0.81 per share and will expire  five years from the date of issue. One quarter of the options vest  every six months, with the first tranche vesting six months from the  date of grant. 

 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. 

Novus Energy Inc.


CONTACT:  Hugh G. Ross                     Ketan PanchmatiaPresident and CEO                VP Finance and CFOTelephone:  403.263.4310         Telephone:  [phone]Fax:  [phone]               Fax:  [phone] 


    

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