CALGARY, ALBERTA--(Marketwire - July 7, 2011) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) (the "Company") announces that in accordance with the Company's previously approved stock option plan, the board of directors has today granted 750,000 options ("Options") to purchase common shares in the capital of the Company to officers of the Company. The Options each have an exercise price of $0.40 per share, are exercisable for a period of 5 years and vest in one third (1/3) increments on the first, second and third anniversaries from the date of grant. This grant of Options is subject to acceptance by the TSX Venture Exchange.
About Tamarack Valley Energy Ltd.
Tamarack is an oil and gas company involved in the identification, evaluation and operation of resource plays in the western Canadian sedimentary basin. The Company uses a rigorous, proven modeling process to carefully manage risk and identify growth opportunities and has assets at Lochend, Harmattan/Garrington, Buck Lake and Quaich areas in Alberta and at Red Creek and Wilder areas in northeast BC.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Brian Schmidt
President & CEO
403.263.4440
Tamarack Valley Energy Ltd.
Ron Hozjan
VP Finance & CFO
403.263.4440
www.tamarackvalley.ca