Oil and Gas Stocks;  Traverse Energy Ltd. (TSX VENTURE:TVL) Grants Stock Options

CALGARY, ALBERTA--(http://www.investorideas.com/ energy stocks blog )- Sept. 23, 2010) - Traverse Energy Ltd. ("Traverse") (TSX VENTURE:TVL) announces that it granted stock options to its directors and officers to purchase 675,000 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 2,625,000.


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

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.

For more information, please contact
Traverse Energy Ltd.
Mr. Laurie Smith
President & CEO
403-264-9223
or
Traverse Energy Ltd.
Suite 800, 839 - 5th Avenue SW
Calgary, Alberta T2P 3C8

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