CALGARY, ALBERTA--(Marketwire - Jan. 25, 2012) - Pine Cliff Energy Ltd. ("Pine Cliff") (www.pinecliffenergy.com) (TSX VENTURE:PNE.V - News) announced today that it has granted stock options to purchase 2,975,000 common shares of Pine Cliff at an exercise price of $0.38 per share to certain of its officers, directors, employees and service providers. The stock options will expire between 18 months and 3.5 years from the date of grant. The stock options will have minimum vesting periods ranging from one to three years. The total number of options outstanding as of the date hereof is 2,975,000. The grant of stock options is subject to regulatory and shareholder approval.
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