Gastem Inc.
TSX VENTURE : GMR

Gastem Inc.

December 14, 2007 19:16 ET

Gastem Increases Limit of Issuable Shares of Stock Option Plan and Grants Option to Directors and Officers

MONTREAL, QUEBEC--(Marketwire - Dec. 14, 2007) - Gastem (TSX VENTURE:GMR) is pleased to announce that it has amended its Stock Option Plan in order to increase the limit of common shares issuable from 2,699,105 to 4,697,899 common shares, an increase of 1,998,794 common shares.

Pursuant to the increase of the stock option plan, the company will grant an aggregate of 1,250,000 incentive stock options to the directors and officers of the corporation at an exercise price of $0.60 per share expiring five years from the date of grant.

The amendment of the Stock Option Plan and the grant of options are subject to regulatory approvals.

As of this date, Gastem has 2,595,000 stock options outstanding.

The TSX Venture Exchange has neither approved nor disapproved the information contained in this press release.

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