Mahalo Energy Ltd.
TSX : CBM

Mahalo Energy Ltd.

October 20, 2005 10:54 ET

Mahalo Energy Ltd. Announces Shareholder Approval of Option Plan

CALGARY, ALBERTA--(CCNMatthews - Oct. 20, 2005) - Mahalo Energy Ltd. ("Mahalo" or the "Corporation") (TSX:CBM) is pleased to announce that at its recently held annual and special meeting of shareholders, it received shareholder approval of its stock option plan, which allows for the issuance of that number of stock options to directors, officers, employees and consultants, which is up to 10% of the Corporation's issued and outstanding common shares, pursuant to the policies of the Toronto Stock Exchange.

Additional information about Mahalo is available on SEDAR (www.sedar.com) or the Corporation's website at www.mahaloenergy.com.

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

Contact Information

  • Mahalo Energy Ltd.
    Duncan Chisholm
    Chief Executive Officer
    (403) 262-9623
    (403) 262-7049 (FAX)
    or
    Mahalo Energy Ltd.
    Milton Porter
    Chief Financial Officer
    (403) 262-9623
    (403) 262-7049 (FAX)
    or
    Mahalo Energy Ltd.
    201b, 218 - 8th Avenue S.W.
    Calgary, Alberta T2P 1B5
    (403) 262-9623
    (403) 262-7049 (FAX)
    Website: www.mahaloenergy.com