Veraz Petroleum Ltd.

Veraz Petroleum Ltd.

November 10, 2009 07:41 ET

Veraz Announces Issuance of Stock Options

CALGARY, ALBERTA--(Marketwire - Nov. 10, 2009) - Veraz Petroleum Ltd. (CNSX:VRZ) ("Veraz") is pleased to announce that pursuant to the company's stock option plan Veraz, effective November 10 2009, issued the following options to certain directors, officers, consultants and employees of the company:

Gerardjan (Oppe) Cosijn 100,000
Colin Christie 100,000
David (Case) Caulfield 100,000
Paul R. Baay 50,000
Victor Lay 50,000
Trevor Mitzel 50,000
Tom Valentine 25,000
D.W. (Dan) Long 25,000
Enrique J. Lopez de Mesa 25,000
Miles Pittman 25,000
Milagros Landivar 25,000
Charles Bennett 10,000

The options vest over a three year period and are exercisable at an option price of $0.65.

Veraz is a junior international oil and gas exploration company based in Calgary and listed on the Canadian National Stock Exchange (CNSX) under the symbol VRZ.

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