Strategic Oil & Gas Ltd

Strategic Oil & Gas Ltd

January 05, 2011 16:13 ET

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.

Neither the 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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