Greentree Gas & Oil Ltd.
TSX VENTURE : GGO

Greentree Gas & Oil Ltd.

January 17, 2008 18:46 ET

Greentree Announces Stock Option Grant

LONDON, ONTARIO--(Marketwire - Jan. 17, 2008) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES.

Greentree Gas and Oil. (TSX VENTURE:GGO) ("Greentree") is pleased to announce that options to purchase 50,000 common shares were granted to Big Picture Geoscience Inc. on January 11, 2008. The options have an expiry date of December 31, 2008, have an exercise price of $0.11 per share, have vesting provisions in accordance with TSXV policies, and are subject to TSXV approval. The options were granted in accordance with the agreement dated October 19, 2007 between Greentree, Big Picture Geoscience Inc. and Capital Street Group Investment Services Inc.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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