Contact Exploration Inc.
TSX VENTURE : CEX

Contact Exploration Inc.

May 21, 2010 18:23 ET

Contact Exploration Announces Option Grant

CALGARY, ALBERTA--(Marketwire - May 21, 2010) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Contact Exploration Inc. ("Contact" or the "Corporation") (TSX VENTURE:CEX) announces that subject to regulatory approval, it has granted a total of 2,350,000 options to purchase common shares of Contact to the directors, officer, and a consultant of Contact, with an exercise price of $0.13 and a five year term.

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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