Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) announces that it
granted stock options to its directors and officers to purchase 975,000 common
shares with an exercise price of $0.95 per share and an expiry date 5 years from
the date of grant. The options vest immediately upon grant. The total number of
options outstanding as of the date hereof is 6,015,000.


The Corporation is a junior oil and natural gas exploration and development
company. The common shares of the Corporation are currently listed on the TSX
Venture Exchange under the trading symbol "TVL".


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Traverse Energy Ltd.
Laurie Smith
President and CEO
#780, 839 - 5 Avenue SW
Calgary, AB T2P 3C8
403-264-9223
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