Coral Sea Petroleums Ltd.

March 10, 2005 14:57 ET

Coral Sea Petroleums Ltd.: Grant of Incentive Stock Options


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CORAL SEA PETROLEUMS LTD.

TSX VENTURE SYMBOL: CPO

MARCH 10, 2005 - 14:57 ET

Coral Sea Petroleums Ltd.: Grant of Incentive Stock
Options

CALGARY, ALBERTA--(CCNMatthews - March 10, 2005) - Coral Sea Petroleums
Ltd. (TSX VENTURE:CPO)

Pursuant to its Stock Option Plan, and subject to the approval of the
TSX Venture Exchange, on March 9, 2005 the Board of Directors of Coral
Sea granted 959,300 stock options to members of management and the board
of directors. The options have an exercise price of $0.165 per share and
a term of five years.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Coral Sea Petroleums Ltd.
    Tom Walton
    President
    (403) 274-5787
    or
    Coral Sea Petroleums Ltd.
    6212 Touchwood Drive NW
    Calgary, AB T2K 3L9
    (403) 274-5787
    (403) 275-5787 (FAX)
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.