PETROSANDS CANADA ANNOUNCES ISSUANCE OF OPTIONS

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX Venture Exchange
Trading Symbol: PCA

CALGARY, Jan. 19 /CNW/ - PetroSands Resources (Canada) Inc. ("PetroSands" or the "Company")(TSX-V:PCA) is pleased to announce that is has granted options to certain directors, officers, employees and consultants. The Company granted options to acquire an aggregate of 1,500,000 common shares of the Company at an exercise price of $0.80 per common share. The options vest and become exercisable on a one-half, one-half basis, over one year period and will expire on January 19, 2016. Stock option grants are subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About PetroSands Canada

PetroSands Resources (Canada) Inc.  is a dynamic new publicly traded junior oil and gas company focused on exploration and development of oil and natural gas in Canada. The Company is focused on strategic acquisitions in its core areas that aggressively expand production, cashflow and reserves as well as opportunistic transactions in the energy sector. The Company holds in excess of 35,000 net acres of undeveloped land for production and exploration and currently has 19.5 million common shares outstanding.

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful

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 PetroSands Resources (Canada) Inc.

For further information:

Chad Dust
Telephone: (403) 608-6505
Telephone: (403) 975-6505
E-mail: cdust@petrosandscan.com

Organization Profile

PetroSands Resources (Canada) Inc.

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