Gastem Inc.

Gastem Inc.

February 21, 2008 18:52 ET

Gastem Grants Options to Director

MONTREAL, QUEBEC--(Marketwire - Feb. 21, 2008) - Gastem (TSX VENTURE:GMR) announced today that the company has granted 500,000 incentive stock options to a director of the corporation at an exercise price of $0.63 per share expiring five years from the date of grant. This grant of options is subject to regulatory approvals.

The TSX Venture Exchange has neither approved nor disapproved the information contained in this press release.

Gastem (48,983,993 shares outstanding) is an independent oil and gas exploration company based in Montreal. The company holds exploration and storage rights to over 1.1M acres of land in the St. Lawrence Lowlands and the Gaspe Peninsula in Quebec. Gastem also collects revenues from a participation in the Amber Bank shale gas project with Epsilon Energy in West Virginia.

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

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