Second Wave Petroleum Inc. ("Second Wave" or the "Company") (TSX VENTURE:SCS)
announces that options to purchase an aggregate of 831,000 common shares of
Second Wave have been granted to certain directors, officers and employees of
the Company at an exercise price of $0.90 per share. The options have a five
year term and are subject to standard vesting provisions. The grants are subject
to acceptance by the TSX Venture Exchange in the ordinary course.


47,807,340 Common Shares

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