Telehop Issues Stock Options



    TORONTO, Jan. 23 /CNW/ - Telehop Communications Inc. ("Telehop") today
announced that it has granted an aggregate amount of 400,000 stock options,
100,000 to each person, at an exercise price of $0.215 per share to the
following members of the Board of Directors of Telehop.

    
    Mr. Hersh Spiegelman
    Mr. Stan Katz
    Mr. Mitchell Blum
    Mr. Lewis Ritchie
    

    The options have a term of 5 years and have vesting restrictions. There
are currently 823,500 shares reserved for issuance under the company stock
option plan.

    Telehop trades on the TSX Venture Exchange under the symbol HOP and has
13,363,500 common shares outstanding.

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

    About Telehop Communications Inc.

    Telehop is licensed by the CRTC and provides a complete range of
value-priced telecommunications services to Canadians in both residential &
business markets. Telehop offers its branded 10-10-620 and the 10-10-100 Dial
Around Services and "WorldTalk(TM)" 'Equal Access' Long Distance and
alternative Directory Assistance Programs. Telehop also provides toll free
numbers, Virtual Calling Cards, and "Broadtalk(TM)" VOIP flat rate service.





For further information:

For further information: on Telehop's products and services check our
websites; www.telehop.com; www.myworldtalk.com; www.1010100.com;
www.1010620.com; and www.broadtalk.ca; Additional investor information on
Telehop (HOP-TSX Venture) can be obtained at http://www.sedar.com or by
calling Mr. Hersh Spiegelman at (416) 494-4490 ext 350, or 1-866-530 7988 or
e-mail Hersh@telehop.com

Organization Profile

Telehop Communications Inc.

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