Tamarack Valley Energy Ltd. Announces Grant of Stock Options

Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) (the "Company") announces that in
connection with the recent appointment of Mr. Scott Reimond to Vice President,
Exploration of the Company, the board of directors has today granted 45,000
options ("Options") to purchase common shares in the capital of the Company to
Mr. Reimond under the Company's shareholder approved stock option plan. The
Options each have an exercise price of $2.90 per share, are exercisable for a
period of 5 years and vest in one third (1/3) increments on the first, second
and third anniversaries from the date of grant. This grant of Options is subject
to acceptance by the TSX Venture Exchange.  


Tamarack is an oil and gas company involved in the identification, evaluation
and operation of resource plays in the western Canadian sedimentary basin. The
Company uses a rigorous, proven modeling process to carefully manage risk and
identify growth opportunities. Tamarack's diversified suite of oil-focused
assets provides exposure to the high impact Cardium light oil resource plays in
Lochend, Garrington/Harmattan and Buck Lake in Alberta, low cost Viking light
oil resource plays in Redwater, Foley Lake and Westlock in Alberta and highly
economic heavy oil opportunities southeast of Lloydminster in Saskatchewan.

(TSXV:TVE)
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