GFI Oil & Gas Corporation
TSX VENTURE : GFI

GFI Oil & Gas Corporation

January 05, 2007 10:34 ET

GFI Announces Stock Option Grants

CALGARY, ALBERTA--(CCNMatthews - Jan. 5, 2007) -

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GFI Oil & Gas Corporation (TSX VENTURE:GFI) - The Corporation announces it has granted options to purchase an aggregate of 2,050,000 common shares, 1,050,000 at a price of $0.65 per share and 1,000,000 at a price of $1.00 per share, to employees and consultants. This amount includes 600,000 options previously announced but that were never actually granted.

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

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