Twoco Petroleums Ltd. (the "Company") (TSX VENTURE:TWO) announces that options to purchase 3,500,000 common shares of the Company were granted to officers, directors, employees and consultants of the Company with an exercise price of $0.20 per share. The options will expire five years from the date of grant.

One-half of the options granted vest at the date of grant and the remaining options will vest one year from the date of grant.

Neither 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.

Contacts: Twoco Petroleums Ltd. Wayne A. Malinowski President and Chief Executive Officer (403) 231-8653 (403) 237-6048 (FAX)

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