Second Wave Petroleum Inc. ("Second Wave" or the "Company") (TSX VENTURE:SCS)
announces that the Company's board of directors has approved the grant of
options to purchase an aggregate of 788,500 common shares of Second Wave at an
exercise price of $1.80 per share. The options have been granted to officers and
employees of the Company pursuant to the Second Wave incentive stock option
plan, have a five-year term and are subject to standard vesting provisions. The
grants are subject to acceptance by the TSX Venture Exchange in the ordinary
course.


60,287,940 Common Shares

Second Wave Petroleum Inc. (TSXV:SCS)
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