Enernorth Industries Inc.

Enernorth Industries Inc.

March 10, 2005 17:05 ET

EnerNorth Industries Inc.: Grant of Options and Approval of Amendment to Stock Option Plan


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ENERNORTH INDUSTRIES INC.

AMEX SYMBOL: ENY

MARCH 10, 2005 - 17:05 ET

EnerNorth Industries Inc.: Grant of Options and
Approval of Amendment to Stock Option Plan

TORONTO, ONTARIO--(CCNMatthews - March 10, 2005) - EnerNorth Industries
Inc. (AMEX:ENY)(Frankfurt Stock Exchange:EPW1) (www.enernorth.com)
("EnerNorth" or the "Company") announces that on March 1, 2005 the
Company granted 600,000 stock options to officers, directors, key
employees and a consultant at an exercise price of US$0.75 per share
expiring February 28, 2010 subject to AMEX approval. The Company
received AMEX approval March 9, 2005 and the number of shares reserved
for issuance under the Company's Stock Option has been increased to a
maximum of 705,231.

About EnerNorth Industries Inc.

EnerNorth is a junior oil and gas company carrying out operations
through production, development and exploration of oil and gas primarily
in Alberta, Canada.

There are approximately 4.06 million shares issued and outstanding in
the capital of the Company.

Certain statements contained herein constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 (the "Reform Act"), which reflect the Company's
current expectations regarding the future results of operations,
performance and achievements of the Company. The Company has tried,
wherever possible, to identify these forward-looking statements by,
among other things, using words such as "anticipate," "believe,"
"estimate," "expect" and similar expressions. These statements reflect
the current beliefs of management of the Company, and are based on
current available information. Accordingly, these statements are subject
to known and unknown risks, uncertainties and other factors which could
cause the actual results, performance or achievements of the Company to
differ materially from those expressed in, or implied by, these
statements. (See the Company's Annual Information Form and Annual Form
20 F for Risk Factors.) The Company is not obligated to update or revise
these "forward-looking" statements to reflect new events or
circumstances.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    EnerNorth Industries Inc.
    Scott T. Hargreaves, CA, CFA
    Chief Financial Officer
    (416) 861-1484
    www.enernorth.com