Bri-Chem Corp. announces grant of stock options

TSX Venture Exchange Symbol "BRY"

EDMONTON, Aug. 31 /CNW/ - Bri-Chem Corp. ("Bri-Chem" or the "Company") (TSX Venture Exchange: BRY) a leading Canadian wholesale distributor of oil & gas drilling fluids, steel products and services announced that it has granted options to acquire up to 30,000 common shares to three independent directors of Bri-Chem. The options are granted in accordance with Bri-Chem's stock option plan and have terms that expire five years from the grant date.

About Bri-Chem

Bri-Chem is a wholesale distributor of drilling fluids and steel products and services to the oil & gas and construction industries. Bri-Chem provides over 150 domestic and foreign drilling fluid products to customers throughout Alberta, British Columbia and Saskatchewan, and distributes drill pipe, carbon steel welded pipe, carbon steel seamless pipe, stainless steel welded pipe, stainless steel seamless pipe, tubing and casing, galvanized steel products as well as fittings and flanges. Bri-Chem's customers operate in a wide range of industries, including oil & gas, manufacturing, forestry, agriculture, construction and mining.

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information: Don Caron, Bri-Chem Corp., President and CEO, T: [phone], E: [email protected]; Chris Haldane, CHF Investor Relations, Account Manager, T: [phone] x237, E: [email protected]; Cathy Hume, CHF Investor Relations, CEO, T: [phone] x231, E: [email protected]