/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
CALGARY, Aug. 27 /CNW/ - TriOil Resources Ltd. ("TriOil" or the "Company" - TSXV: TOL) announces that it has granted options to purchase 1,675,000 Class A Shares of the Company at an exercise price of $3.99 per share pursuant to the stock option plan of the Company. Prior to the grant, none of the directors and officers of TriOil held any options granted pursuant to TriOil's stock option plan. The grant included options granted to directors and officers of TriOil to purchase an aggregate of 1,655,000 Class A Shares. In determining to grant options to directors and officers of the Company, the Board of Directors reviewed the recommendations of management and the Corporate Governance and Compensation Committee and compensation information with respect to other oil and gas companies in the Company's peer group.
TriOil Resources Ltd. is a Calgary, Alberta based company engaged in the exploration, development and production of petroleum and natural gas. TriOil has approximately 25.4 million common shares issued and outstanding (28.7 million fully diluted). The common shares of TriOil trade on the TSX Venture Exchange under the symbol TOL.
Neither the TSX Venture Exchange nor its 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.
SOURCE TriOil Resources Ltd.
For further information: For further information: Russell J. Tripp, President & CEO, TriOil Resources Ltd., Phone: (403) 265-4115