Innicor announces the grant of stock options



    CALGARY, Jan. 30 /CNW/ - Innicor Subsurface Technologies Inc. ("Innicor"
or the "Company") (TSX: IST) announced today that it has granted stock options
to seventeen eligible participants of Innicor to purchase an aggregate of
391,000 common shares of Innicor at a price of $1.37 per share and with an
expiry date of January 28, 2013. The aforementioned stock options vest as to
one third on each of the first, second and third anniversaries of the date of
grant.

    Innicor is a manufacturing centered supplier of products and services
used in the completion and production phase of oil and gas wells. The
Company's products are sold in Canadian, U.S. and other international markets.
Innicor's management plans to continue to expand through increased market
share in both the Canadian and international markets and through
diversification of product lines. As in the past, the Company will continue to
acquire companies, product lines or other assets that are complementary to its
business plan.

    THE TSX HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS NEWS
    RELEASE.





For further information:

For further information: regarding Innicor, please contact: Delton
Campbell, CEO and President, (403) 236-2815, e-mail - dcampbell@innicor.com;
or Bob Jones, COO and Vice President, (403) 236-2815, e-mail -
bjones@innicor.com; Ian Bootle, CFO, (403) 236-2815, e-mail -
ibootle@innicor.com

Organization Profile

INNICOR SUBSURFACE TECHNOLOGIES INC.

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