Compliance Energy issues stock options

TSX-V TRADING SYMBOL: CEC

VANCOUVER, June 23 /CNW/ - Compliance Energy Corporation ("Compliance" or the "Company) announces that the Board of Directors approved today a grant of a total of 150,000 share purchase options exercisable at $0.25 per share for a period of five years to certain directors of the Company in accordance with the provisions of the Company's stock option plan.

About Compliance Energy Corporation

Compliance Energy Corporation is a coal exploration and development company with an interest in over 75,000 acres of coal and mineral rights on Vancouver Island, BC and that owns the Basin Coal Mine near Princeton, BC. The company is focused on developing the Raven Coal Project for the Comox Joint Venture, of which it has a 60% interest. The remaining 40% is owned by I-Comox Coal Inc. a subsidiary of Itochu Corporation of Japan and by LG International Investments (Canada) Limited, a subsidiary of LG International Corp. of Korea. Company shares trade on the TSX Venture Exchange under the symbol CEC and investor information is available on the Company's web page at www.complianceenergy.com.

    
    On behalf of the Board of

    COMPLIANCE ENERGY CORPORATION

    John Tapics
    Chief Executive Officer
    

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.

Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements.

For further information: Greg Werbowski, Investor Relations at 604-689-0489