Clydesdale Resources Inc V.CEO.H

Options Granted

[jimmied]

Back Coastal Energy Company Grants Stock Options This news release is not for dissemination in the United States or through United States newswire services AIM:CEO TSX-V: CEO Coastal Energy Company Grants Stock Options Coastal Energy Company ("Coastal”) reports that pursuant to the Company's Stock Option Plan, a total of 12,100,000 incentive stock options were granted to officers, directors and new employees of the Company on December 27, 2006. The options are exercisable at a price of CAD $0.55 per share, vest over a period of 3 years and expire in 5 years from the date of award. Of the total grant, 11,800,000 incentive stock options were granted to Directors and Officers of Coastal, as previously announced on the RNS release dated 28 December 2006. As a result of this grant. Coastal has total stock options outstanding as at December 27, 2006 of 15,250,000, of which 13,450,000 are to Directors and Officers of Coastal. On behalf of Coastal Energy Company "Frank Inouye” Chief Executive Officer & Director For additional information, please visit our website, www.coastalenergy.com or contact: Coastal Energy Company Frank Inouye, Chief Executive Officer Tel: [phone] Email: [e-mail] Coastal Energy Company William C. Phelps, Chief Financial Officer Tel: [phone] Canaccord Adams Limited Ryan Gaffney Tel: [phone] These securities have not been registered under United States Securities Act of 1933 (the “US Securities Act”) or the securities laws of any state and may not be offered or sold in the United States or to US persons (as defined in Regulation S under the US Securities Act) unless an exemption from registration is available. Frank Inouye, President, CEO and Director of the Company, and a member of the American Association of Petroleum Geologists, has reviewed the contents of this announcement. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Back to top Latest News... January 18, 2007 - Coastal Energy Company Grants Stock Options Copyright 2006 Coastal Energy Company. All rights reserved | Admin | Disclaimer | Site Map Designed by NV Creative