Drake Pacific Enterprises Ltd. TSX VENTURE : DPE

November 18, 2005 17:09 ET

Drake Pacific Enterprises Ltd.: News Release

CALGARY, ALBERTA--(CCNMatthews - Nov. 18, 2005) - Drake Pacific Enterprises Ltd. (TSX VENTURE:DPE) (the "Corporation") has granted stock options to purchase up to 550,000 common shares of the Corporation to certain officers, directors and consultants of the Corporation having an exercise price of $0.50 being the closing trading price of the common shares of the Corporation as traded on the TSX Venture Exchange Inc. on November 17, 2005. The aforesaid stock options shall vest immediately and shall expire on November 18, 2008.

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