CALGARY, Jan. 21 /CNW/ - Oil Optimization Inc. (TSXV:OOI) (the "Company") announced that on January 20, 2011, it granted 7,250,000 stock options (the "Options") to certain directors, officers and consultants of the Company and of its wholly-owned subsidiary, JSX Energy (Thailand) Limited.  Each Option allows the holder thereof to purchase one common share in the capital of the Corporation (each a "Common Share") at a price of $0.17 per Common Share, representing the closing price of the Common Shares on the TSX Venture Exchange on January 20, 2011. The Options expire on January 20, 2016.

The Options were granted pursuant to the Corporation's stock option plan (the "Plan"). An aggregate of 12,184,643 Common Shares may be allotted for issuance at any time under the Plan, of which 7,790,000 Common Shares are reserved for issuance as at the date hereof.

About Oil Optimization Inc. (TSXV: OOI)

The Company is a junior oil and gas exploration company headquartered in Calgary, Alberta.  The Company now holds interests in two onshore exploration blocks in Thailand being a 100% interest in Block L3/50 and a 50% interest in Block L9/48 and has conditionally been granted a 100% interest in a third onshore exploration block being Block L14/50.  The Company, through its wholly-owned subsidiary, JSX Energy (Thailand) Limited, will focus on exploring and developing each of these blocks as well as seeking accretive acquisitions in Thailand.

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

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements.  More particularly and without limitation, this news release contains forward looking statements and information concerning the expected activities of Oil Optimization.  The forward-looking statements and information are based on certain key expectations and assumptions made by Oil Optimization. Although Oil Optimization believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because Oil Optimization can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed.  Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. Oil Optimization undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Oil Optimization Inc.

For further information:

Oil Optimization Inc. Oil Optimization Inc.
Luc Desmarais - President and CEO    Chris Serin - Chief Financial Officer
Phone +662 259 6929 Phone (604) 657-5364

Profil de l'entreprise

Oil Optimization Inc.

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