Mr. Mark Jarvis reports
SHOAL POINT ANNOUNCES EXTENSION TO EXPLORATION LICENCE 1120
Pursuant to Shoal Point Energy Ltd.'s farm-in agreement
with Ptarmigan Energy Inc. dated April 13, 2011, Ptarmigan Energy has granted Shoal Point an extension
until Jan. 15, 2016, to complete its obligation to drill and test a well in EL 1120.
Shoal Point has the right to earn an 80-per-cent interest in that part of the Humber Arm Allochthon within
approximately seven kilometres of the shoreline in EL 1120, located immediately north of Shoal Point's 100-per-cent-owned EL 1070.
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