Alpetro Resources Ltd.

Alpetro Resources Ltd.

August 24, 2005 13:02 ET

Alpetro Resources Ltd.: News Release

CALGARY, ALBERTA--(CCNMatthews - Aug. 24, 2005) - Alpetro Resources Ltd. (TSX VENTURE:ALF) ("Alpetro") today announced that it has granted and reserved for issuance a director's stock option in favor of David Kiddle, who was elected as a new director of Alpetro at its Annual General Meeting held on May 27, 2005 (the "Annual Meeting"), in the amount of 50,000 common shares exercisable at $0.16 per share, expiring coincident with Alpetro's outstanding stock options on June 7, 2006. The stock option is granted pursuant to Alpetro's stock option plan which provides for a rolling maximum of 10% of the issued and outstanding common shares of Alpetro, which plan was re-approved by Alpetro's shareholders at the Annual Meeting.

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

Contact Information

  • Alpetro Resources Ltd.
    Nazrul Islam
    (403) 234-9006
    Alpetro Resources Ltd.
    #2240, 444- 5th Ave. S.W.
    Calgary, Alberta T2P 2T8
    (403) 234-9006