Enterprise Oil Limited
TSX VENTURE : EON

Enterprise Oil Limited

January 10, 2006 14:00 ET

Enterprise Oil Limited Grants Stock Options

ST. ALBERT, ALBERTA--(CCNMatthews - Jan. 10, 2006) - Enterprise Oil Limited (TSX VENTURE:EON) announces that effective January 9, 2006, it has granted a total of 525,000 options under Stock Option Plan to directors and employees. The options have an exercise price of $0.72 per share and expire January 9, 2011.



ON BEHALF OF THE BOARD

(Signed)
Leonard D. Jaroszuk
President/CEO


Forward Looking Statements

This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

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

Contact Information

  • Enterprise Oil Limited
    Leonard D. Jaroszuk
    President/CEO
    (780) 418-4400 or Toll Free: (888) 303-3361
    (780) 418-1941 (FAX)
    Email: contact@EnterpriseOil.ca
    Website: www.EnterpriseOil.ca
    or
    Enterprise Oil Limited
    #2, 64 Riel Drive
    St. Albert, AB. T8N 5B3