Texalta Petroleum Ltd.

Texalta Petroleum Ltd.

March 25, 2009 13:08 ET

Texalta Grants Options

CALGARY, ALBERTA--(Marketwire - March 25, 2009) - Texalta Petroleum Ltd. ("Texalta") (TSX VENTURE:TEX.A) is pleased to announce that it has granted incentive stock options allowing for the purchase of a total of 1,000,000 common shares at a price of $0.16 per share. The options will have a term of 5 years with an expiry date of March 24, 2014.

The Company also announces that its Investor Relations Agreement with MarketSmart Communications Inc. will terminate on March 31, 2009 and will not be renewed at this time. All shareholders and interested parties are invited to contact the Company directly and to visit the website at www.texalta.com.

TEX.A is a Calgary based company engaged in the exploration, acquisition and development of prospective oil & gas properties in Saskatchewan and Alberta, Canada. The company's wholly owned subsidiary, Texalta Australia Pty. Ltd. holds 82 percent working interest in two exploration permits covering in excess of 5.5 million acres of prospective land in the Georgina Basin, Northern Territory, Australia.

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

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