Ceres Capital Corp.

July 14, 2009 09:15 ET

Ceres Capital Corp. Announces Grant of Stock Options

CALGARY, ALBERTA--(Marketwire - July 14, 2009) - Ceres Capital Corp. (the "Company" or "Ceres") (TSX VENTURE:SRS) announces that, pursuant to the terms and conditions of its Stock Option Plan, it has granted an aggregate of 575,000 incentive stock options to purchase common shares of Ceres (the "Options") to certain of its recently hired Officers. The Options are exercisable over a five year period at $0.14 per share with 100% vesting immediately.

About Ceres and Reliable

Ceres is an Alberta based public company listed on the TSX Venture Exchange and conducts its operations through Reliable Energy Ltd, a wholly owned subsidiary. The Company is currently focused on two core areas in the Western Canadian Sedimentary Basin. The first core area consists of an unconventional resource play in the Bakken/Three Forks formation situated on the Saskatchewan - Manitoba border. The second is a Devonian reef play in central Alberta.

Neither 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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