Winalta Inc. - Report on Grant of Stock Options to Directors and Officers

    CALGARY, Jan. 29 /CNW/ - Winalta Inc. advises that its Board of Directors
has approved a grant of a total of 250,000 stock options to Artie T. Kos,
Director, President and Chief Executive Officer of Winalta Inc. The stock
options are exercisable at $2.00 per share and will vest over four years at
twenty-five percent per annum, expiring on January 29, 2013.
    This notice is presented as a matter of continuous disclosure; the grant
is not conditional on regulatory approval.

    Winalta Inc. is a residential land developer in Western Canada as well as
a producer and marketer of manufactured and modular CSA certified homes,
site-built homes, and industrial trailers and camps.
    Winalta Inc. shares trade on the TSX Venture Exchange under the symbol

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

    %SEDAR: 00005154E

For further information:

For further information: Artie T. Kos, President and CEO, Winalta Inc.,
(780) 960-6900

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Winalta Inc.

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