Invicta Energy Corp. Grants Stock Options

CALGARY, Jan. 11 /CNW/ - Invicta Energy Corp. ("Invicta" or the "Company") (TSXV: VCA) announces that it granted options on January 10, 2010 to acquire up to 1,162,027 Common Shares of Invicta, 987,027 of which were granted to directors and officers of Invicta.  Each grant of options is for a five year term, expiring on January 10, 2016.  The options vest 1/3 on the date of grant and 1/3 each on the first and second anniversary of the grant date.  The options are exercisable at a price of $0.22 per Common Share.  There are now options outstanding to purchase a total of 3,075,000 Common Shares of Invicta, or approximately 8.6% of Invicta's issued and outstanding Common Shares.

About the Company

Invicta is a Calgary based emerging junior oil and gas company focused on exploring and developing Viking light oil opportunities on lands in Kindersley, Saskatchewan and Redwater, Alberta.

Cautionary Statement:

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 Press release.

SOURCE Invicta Energy Corp.

For further information:

Gordon Reese        or         Carrie McLauchlin
President & CEO                   Vice President Finance & CFO       
(403) 265-8890 ext 1                  (403) 265-8890 ext 4

Profil de l'entreprise

Invicta Energy Corp.

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