LGX Oil + Gas Inc. announces stock option grant

CALGARY, Nov. 22, 2013 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) announces that it has granted a total of 140,000 stock options effective November 21, 2013 to a director of the Company pursuant to the Company's stock option plan.  The options are exercisable at a price of $0.52 per share.  The options have a five-year term and vest as to one third each year following the date of grant.

LGX is a uniquely positioned, technically driven, junior oil and natural gas company with a proven management team committed to aggressive, cost-effective growth of light oil reserves and production combined with high impact exploration potential in southern Alberta.  LGX's common shares trade on the TSX Venture Exchange under the symbol OIL.

SOURCE: LGX Oil + Gas Inc.

Trent J. Yanko, P.Eng.
President + CEO

Matt Janisch
Vice President, Finance + CFO

4400, 525 - 8^th Avenue S.W.
Calgary, AB T2P 1G1

Telephone: [phone]