Strategic Reports Granting of Stock Options

CALGARY, ALBERTA--(Marketwire - Jan. 5, 2011) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announced that it has issued 3,125,000 stock options to directors, officers, employees and key consultants, of which 2,450,000 will go to insiders. Each option entitles the holder to acquire one common share of the Company for a period of five years at a price of $1.10 per share. These options were issued in accordance with the Company's incentive stock option plan.