Phoenix Oilfield Hauling Inc.
TSX VENTURE : PHN

Phoenix Oilfield Hauling Inc.

October 08, 2010 16:43 ET

Phoenix Oilfield Hauling Inc. Announces Option Grants

NISKU, ALBERTA--(Marketwire - Oct. 8, 2010) -

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Phoenix Oilfield Hauling Inc. (TSX VENTURE:PHN) ("Phoenix" or the "Company") announces that pursuant to the terms of its stock option plan, it has granted an option to purchase 11,847,892 common shares at a price of $0.10 per share to certain of its executive officers. The options have a term of five years and vest one-quarter immediately and one-quarter on each of October 7, 2011, October 7, 2012 and October 7, 2013.

ABOUT PHOENIX OILFIELD HAULING INC.

Phoenix is a public energy services corporation operating in Western Canada and the United States.

Neither 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 release.

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