Jadela Oil Corp.
TSX VENTURE : JOC

July 28, 2011 17:19 ET

Jadela Grants Stock Options

CALGARY, ALBERTA--(Marketwire - July 28, 2011) - Jadela Oil Corp. ("Jadela") (TSX VENTURE:JOC) is pleased to announce that it has granted stock options to acquire up to an aggregate of 1,993,000 common shares of Jadela to certain directors, officers and consultants of Jadela. For officers and directors of Jadela, the stock options are exercisable for a five year term expiring on July 27, 2016, and exercisable until that time at a price of $1.00 per common share. For consultants of Jadela, the stock options are exercisable for a two year term expiring on July 27, 2013, and exercisable until that time at a price of $1.00 per common share. On July 26, 2011, the last day that Jadela's common shares traded prior to the granting of the stock options, the closing price of the common shares on the TSX Venture Exchange was $1.20 per share. The stock options, and any common shares issued upon exercise of the stock options, are subject to a four month resale restriction.

About Jadela

Jadela is a junior oil and gas exploration company. For additional details, please visit Jadela's website at www.jadelaoil.com or www.unitechenergy.ca.

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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