Gastem Inc.

Gastem Inc.

October 29, 2009 16:30 ET

Gastem: Options for Directors and Officers

MONTREAL, QUEBEC--(Marketwire - Oct. 29, 2009) - Gastem (TSX VENTURE:GMR) announces that, subject to regulatory approval, it has granted an aggregate of 1,045,000 incentive stock options to the directors and officers of the Company exercisable at a price of $0.58 per share expiring five years from the date of grant.

Gastem (64,543,831 shares outstanding) is an independent oil and gas exploration and development company based in Montreal. The company holds exploration and storage permits and rights to 3,135 km2 in the St. Lawrence Lowlands, the Gaspe Peninsula and the Magdalen Islands in Quebec as well as rights and interests in New York State and in Appalachia.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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