Mr. Mitchell Harris reports

LOTUS CREEK EXPLORATION INC. ANNOUNCES JANUARY OPERATIONAL UPDATE TO SHAREHOLDERS AND STOCK OPTION GRANT

The January operational update to shareholders has been posted to Lotus Creek Exploration Inc.'s website.

Additionally, the company announces that, pursuant to the terms and conditions of the company's stock option plan, the Lotus Creek board of directors has approved the grant of 137,700 stock options to certain directors and officers. The stock options expire 30 business days following the date of vesting and are exercisable at a price of $3.02 per common share. The stock options vest on March 9, 2029.