Spitfire Grants Options

CALGARY, Feb. 25 /CNW/ - SPITFIRE ENERGY LTD. ("Spitfire") (TSX Venture: SEL) announces that as part of its compensation and employee retention program it has granted 875,000 stock options to officers, directors and employees pursuant to its shareholder-approved stock option plan. The options are exercisable for a five-year term at $0.20 per common share.

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

%SEDAR: 00016881E

SOURCE SPITFIRE ENERGY LTD.

For further information: For further information: Keith N. Chase, President and Chief Executive Officer, (403) 205-3400 x224; or Danny Zivkusic, Chief Financial Officer, (403) 205-3400 x228

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SPITFIRE ENERGY LTD.

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