Octant Energy Corp.
TSX VENTURE : OEL

Octant Energy Corp.

May 14, 2013 16:10 ET

Octant Energy Corp. Announces Grant of Options

CALGARY, ALBERTA--(Marketwired - May 14, 2013) - Octant Energy Corp. (TSX VENTURE:OEL) (the "Company") is pleased to announce that, subject to regulatory approval, it has granted a total of 170,000 options to purchase common shares of the Corporation ("Options") to an officer of the Company in accordance with the Company's stock option plan. The Options expire 5 years from the date of grant, will vest immediately and all Options have an exercise price of $0.11 per common share.

The Company has determined that the exemptions from the various requirements of the TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 are available for the issuance of the Options to the officer of Octant (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than 25% of Market Capitalization).

About Octant:

Octant is a Canadian independent oil exploration company focused on international exploration and development assets.

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 NEWS RELEASE.

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