Mr. Mark Jarvis reports

SHOAL POINT ANNOUNCES OPTIONS

Pursuant to its stock option plan, Shoal Point Energy Ltd. will be granting 300,000 stock options to certain consultants. The options will be exercisable at six cents per share with a five-year term from the date of grant.

About Shoal Point Energy Ltd.

Shoal Point Energy is a public company focused on oil and gas exploration in Kansas and retains its oil and gas interests in the Humber Arm Allochthon play in western Newfoundland.