Pan Orient Energy Corp.
TSX VENTURE : POE

Pan Orient Energy Corp.

January 23, 2006 21:50 ET

Pan Orient Energy Corp. Grants Stock Options

CALGARY, ALBERTA--(CCNMatthews - Jan. 23, 2006) -

NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Pan Orient Energy Corp. (TSX VENTURE:POE) granted a total of 385,000 options to purchase common shares for a five year term under the Company's stock option plan on January 23, 2006, to certain of its directors and officers at an exercise price of $2.75 per share. The grant of the options is consistent with the objective of providing long-term incentives to key personnel of the Company, and continuing to align their interest with that of shareholders.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information. Actual future results may differ materially from those contemplated.

27,681,973 common shares issued

Contact Information

  • Pan Orient Energy Corp.
    Jeff Chisholm
    President and CEO
    (403) 294-1770
    or
    Pan Orient Energy Corp.
    Jason Bednar
    Vice President Finance and CFO
    (403) 294-1770
    Email: jason@panorient.ca