Octant Energy Corp. Announces Option Grant

Octant Energy Corp. ("Octant" or the "Corporation") (TSX VENTURE:OEL) has
approved the grant of 6,300,000 stock options to eligible participants (a total
of 4,500,000 of these stock options were approved for grant to directors and
officers of the Corporation). The options will be granted at an exercise price
of $0.10 per Common Share and, subject to the Option Plan, will expire five
years from the date of grant. The Corporation has determined that exemptions
from the various requirements of TSX Venture Exchange Policies are available for
the granting of the options.


About The Corporation

The Corporation is a public oil and gas company engaged in the acquisition,
exploration and development of petroleum and natural gas assets in Africa and
North America.