Pan Orient Energy Corp.
TSX VENTURE : POE

Pan Orient Energy Corp.

November 21, 2006 13:36 ET

Pan Orient Grants Stock Options

CALGARY, ALBERTA--(CCNMatthews - Nov. 21, 2006) -

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

Pan Orient Energy Corp. (TSX VENTURE:POE) granted 150,000 options to purchase common shares for a five year term under the Company's stock option plan on November 21, 2006, to an officer at an exercise price of $3.65 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 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.

40,040,770 common shares issued

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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