Traverse Energy Ltd. Grants Stock Options


CALGARY, ALBERTA--(Marketwire - Dec 19, 2012) - Traverse Energy Ltd. (TSX VENTURE:TVL) ("Traverse") announces that it granted stock options to its directors and officers to purchase 405,000 common shares with an exercise price of $0.60 per share and an expiry date 5 years from the date of grant. The options granted vest immediately upon grant. The total number of options outstanding as of the date hereof is 4,430,000.

Traverse is a junior oil and natural gas exploration and production company in Alberta. The common shares of Traverse are listed on the TSX Venture Exchange under the trading symbol "TVL".

Traverse Energy Ltd.
Mr. Laurie Smith
President & CEO
Traverse Energy Ltd.
Suite 780, 839 - 5th Avenue SW
Calgary, Alberta T2P 3C8

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