October 10, 2013 - Vancouver, British Columbia - Terra Nova Energy Ltd. (TSX-V - TGC) announces that pursuant to the Company's Stock Option Plan, the Board of Directors has authorized the granting of incentive stock options to officers and directors of the Company to acquire an aggregate of 890,000 common shares of the Company. The options have an exercise price of $0.11 per share and are exercisable until October 10, 2018.
About Terra Nova Energy Ltd.
Terra Nova Energy Ltd. is an oil and gas company with a right to acquire up to a 55% working interest in two onshore petroleum exploration licenses ("PELs"), being PEL 112 and PEL 444, located on the western flank of the Cooper Eromanga Basin in the State of South Australia, Australia. Its common shares trade on the TSX Venture Exchange under the symbol "TGC" and its ordinary shares trade in the U.S. on the OTCQX marketplace under the symbol "TNVMF."
For more information please contact:
Terra Nova Energy Ltd.
+41 44 217 4804
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.