Wenzel Downhole Tools Ltd.

Wenzel Downhole Tools Ltd.

March 26, 2007 18:22 ET

Wenzel Announces the Grant of Stock Options

CALGARY, ALBERTA--(CCNMatthews - March 26, 2007) - Wenzel Downhole Tools Ltd. ("WZL" or the "Company") (TSX:WZL) announced today that it had granted stock options to twenty-one employees and directors of WZL to purchase an aggregate of 253,500 common shares of the Company at a price of $1.40 with an expiry date of March 26, 2012.

Wenzel Downhole Tools Ltd. is a manufacturer, seller and renter of drilling tools used in oil and gas exploration. In Canada the company has its manufacturing and servicing facilities located in Edmonton, Alberta and its corporate offices in Calgary, Alberta. Its U.S. headquarters and service facilities are in Conroe, Texas, with a service and sales office in Casper, Wyoming and a sales office in Oklahoma City, Oklahoma.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this news release.

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