The stock options have been granted pursuant to Virginia Hills' stock option plan and one third of the options granted will vest on each of the first, second and third anniversaries of the date of grant. Subsequent to this stock option grant, Virginia Hills will have a total of 1,818,564 stock options outstanding.
Mark P. Mallamo has more than 21 years of experience in the oil and gas industry and has previously served as Geoscience Manager of Arcan Resources Ltd. Prior thereto, Mr. Mallamo held various management and senior geology roles focusing on the exploration and development of carbonate reservoirs with several public and private companies including Pengrowth Energy, Samson Canada, Burlington Resources and Chevron Canada. He is a Professional Geologist and holds a Ph.D. degree from McGill University.
For further information please contact:
Virginia Hills Oil Corp.Suite 500, 255 - 5th Avenue SW Calgary, Alberta T2P 3G6
Colin Witwer
President and Chief Executive Officer
Tel: (403) 817-2575
Fax: (403) 817-2599
Tracie Noble
Chief Financial Officer
Tel: (403) 817-2551 or
Fax: (403) 817-2599
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