Rally Energy Corp.
FRANKFURT : RLE
TSX VENTURE : RAL

Rally Energy Corp.

September 21, 2005 13:00 ET

Rally Energy Corp. Grants Stock Options

CALGARY, ALBERTA--(CCNMatthews - Sept. 21, 2005) - Rally Energy Corp. (TSX VENTURE:RAL) (FWB:RLE) announces that its Board of Directors has granted 310,000 options at an exercise price of $1.40 each, for a term of five years, to officers, the majority reflecting commencement of full-time employment. All the options vest over a two year period with one-third vesting immediately. There are currently 5,986,090 options outstanding, representing approximately 7% of the 82,906,350 issued common shares outstanding.

Based in Calgary, Alberta, Canada, Rally Energy is an oil and gas exploration, development and production company. The Corporation's primary area of operations is in Egypt, where it has a 100% operating interest in the Issaran Oilfield, a significant heavy oil development opportunity with strong growth potential. In Pakistan, the Corporation holds a 22.5% interest in the Safed Koh Block, where it plans to participate in the development of large natural gas/condensate discoveries. In Canada, Rally Energy is active in Alberta and Saskatchewan with varied working interests in several producing properties.

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

Contact Information

  • Rally Energy Corp.
    Abby Badwi
    President & CEO
    (403) 538-0000
    (403) 538-3705 (FAX)
    or
    Rally Energy Corp.
    Douglas C. Urch
    Vice President Finance & CFO
    (403) 538-0000
    (403) 538-3705 (FAX)
    or
    Rally Energy Corp.
    Ron Johnston
    Corporate Development
    (403) 538-0000
    (403) 538-3705 (FAX)
    Website: www.rallyenergy.com