Spitfire Grants Options

    CALGARY, Aug. 28 /CNW/ - SPITFIRE ENERGY LTD. ("Spitfire") (TSX Venture:
SEL) announces that it has granted 500,000 stock options to one officer and
four directors pursuant to its shareholder-approved stock option plan. The
options are exercisable for a five-year term at $0.37 per common share.

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

For further information:

For further information: Keith N. Chase, President and Chief Executive
Officer, (403) 205-3400 x224; or Danny Zivkusic, Chief Financial Officer,
(403) 205-3400 x228

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