Cirrus Energy Corporation - Options granted to officers, directors and employees



    CALGARY, Aug. 17 /CNW/ - Cirrus Energy Corporation (TSXV: CYR) ("Cirrus")
announced today that it has granted options to officers, directors and
employees of Cirrus to acquire up to 120,000 Common Shares having an exercise
price of $2.72 per share, vesting evenly over a three year period and expiring
two years after vesting, pursuant to the Cirrus' stock option plan.

    Cirrus Energy Corporation is an international oil and gas company
headquartered in Calgary with operations in The Netherlands, Trinidad and the
U.K. and currently has 73.3 million Common Shares outstanding (78.7 million
fully diluted following this granting of options).

    
    Neither TSX Venture nor it Regulation Services Provider (as that term is
    defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.
    

    %SEDAR: 00021839E




For further information:

For further information: David Taylor, President and Chief Executive
Officer, Pamela Orr, Vice President, Finance and Chief Financial Officer,
Cirrus Energy Corporation, Suite 208, 5 Richard Way S.W., Calgary, Alberta,
T3E 7M8, Canada, Website: www.cirrusenergy.ca, Telephone: (403) 216-5030,
Facsimile: (403) 265-9530

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CIRRUS ENERGY CORPORATION

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