Traverse Energy Ltd. Grants Stock Options

Marketwired

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".

Contact:
Traverse Energy Ltd.
Mr. Laurie Smith
President & CEO
403-264-9223
Traverse Energy Ltd.
Suite 780, 839 - 5th Avenue SW
Calgary, Alberta T2P 3C8

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