Bitumen Capital re-prices stock options

    MONTREAL, Aug. 14 /CNW Telbec/ - Bitumen Capital Inc. (BTM.P-TSX:V) (The
"Company") is announcing that it received disinterested shareholder approval
at its annual general meeting held on August 4, 2009 of the re-pricing of its
outstanding stock options. The Company proposes to lower the exercise price of
1,349,999 stock options from $0.25 per share to $0.20 per share. All of the
Company's outstanding stock options are held by directors or officers.
    The re-pricing of the options remains subject to approval by the TSX
Venture Exchange.
    The stock will remain halted pending further news by the Company.

    Neither 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.
    %SEDAR: 00024598E

For further information:

For further information: Mr. Richard Groome, President and Chief
Executive Officer, Bitumen Capital Inc., (514) 907-4989,

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Bitumen Capital Inc.

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