Mr. Jason Bak reports

FINAVERA RENEWABLES GRANTS OPTIONS TO DIRECTOR

Finavera Renewables Inc. has granted 500,000 incentive stock options to a director. The share purchase options entitle the holder to purchase up to 500,000 common shares of the capital stock of the company at a price of 10 cents per share for a period of five years.

The issuance of these options is subject to the approval of the TSX Venture Exchange.