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 Wed Mar 11, 2009
Pennant Grants Stock Options

 Pennant Energy Inc. (the "Company" TSX.V-PEN) announces that it has granted 400,000 incentive stock options of the Company to Directors, Officers and Employees, subject to the approval of the TSX Venture Exchange. Each incentive stock option is exercisable into one common share of the Company at a price of $0.20 per share until March 11, 2014.

ON BEHALF OF THE BOARD OF DIRECTORS OF
PENNANT ENERGY INC.

"Thomas Yingling"
Mr. Thomas Yingling
President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
 
 

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