TORONTO, ONTARIO ("Carlaw") (TSX VENTURE: CLW.P) today announced the grant of stock options to certain officers and directors of Carlaw. Options to purchase up to 375,000 common shares were granted to officers and directors of Carlaw at an exercise price of $0.20 per share, being the closing price of the common shares as at the close of business on January 3, 2008. The options shall expire on January 4, 2013.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

Contacts: Carlaw Capital Corp. Amar Bhalla Director (416) 922-9096 Email: abhalla@hbinvest.com

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