3P International Energy Corp.

3P International Energy Corp.

October 06, 2010 11:40 ET

3P International Energy Corp.: Announcement

TORONTO, ONTARIO--(Marketwire - Oct. 6, 2010) - 3P International Energy Corp. (the "Corporation")(TSX VENTURE:DOH) announced that the Corporation's Board of Directors approved the granting of an aggregate of 2,027,451 stock options (the "Options") to certain of the Corporation's directors, officers, employees and consultants on October 6, 2010 to acquire up to an aggregate of 2,027,451 common shares of the Corporation. All Options are exercisable at $0.40 per share, being equal to the closing price of the Corporation's common shares on the TSX Venture Exchange on the date immediately preceding the grant. All options were granted under the Corporation's share option plan.

The Options expire on October 6, 2015. The granting of the Options are subject to regulatory acceptance of applicable filings.

About 3P International Energy Corp.

3P International Energy Corp. is actively seeking international energy opportunities which meet its business model criteria of discovered but undeveloped known shallow reserves in politically and business friendly climates, which can be exploited using conventional and unconventional drilling, completion and reservoir technologies.

On behalf of the Board of Directors

David Kahn, Chairman and CEO

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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