Kroes Energy Inc.

Kroes Energy Inc.

August 22, 2007 12:36 ET

Kroes Grants Incentive Stock Options to Directors and Officers of Company

CALGARY, ALBERTA--(Marketwire - Aug. 22, 2007) - Kroes Energy Inc. (TSX VENTURE:KRS) announced today that it has granted incentive stock options to Officers and Directors and Consultants of the Company for the purchase of 1,660,000 common shares at $0.085 per share. The options have a term of five years and will vest at one-third each year for three years. Under its option plan, Kroes can issue up to 10% of the number of shares outstanding and, prior to this grant, there were 1,673,348 shares available for the issue of options.

Kroes Energy is a junior oil and gas producer and explorer in western Canada. Shares trade on the TSX Venture Exchange under the symbol KRS.

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