Winslow Resources Inc.
TSX VENTURE : WLR

Winslow Resources Inc.

January 28, 2005 12:46 ET

Winslow Announces Granting of Stock Options


CALGARY, ALBERTA--(CCNMatthews - Jan. 28, 2005) - Winslow Resources Inc.
(the "Company") announces that the board of directors of the Company has
approved and the Company has granted stock options to acquire up to 790,000
common shares to certain officers, directors, employees and consultants
of the Company.

A total of 700,000 stock options were issued to insiders of the Company.
Each stock option entitles the holder to acquire one common share of the
Company at an exercise price of $0.35 per share at any time on or before
January 27, 2010.

The granting of these options exceeds the amount authorized under the
terms of the Company's existing Stock Option Plan by 274,000. As a result,
the excess options may not be exercised until such time as the shareholders
of the Company approve an amended Stock Option Plan, such amendment to be
proposed at the Company's next Annual Meeting in June 2005.

Winslow is a Calgary-based oil and natural gas exploration and development
company. The Company has 22,384,649 common shares issued and outstanding.
The shares trade on the TSX Venture Exchange under the symbol "WLR".

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

Contact Information

  • Winslow Resources Inc.
    John Nelson
    Interim President, Vice-President, New Ventures
    (403) 355-1175