MATRRIX announces grant of stock options

CALGARY, March 26, 2014 /CNW/ - MATRRIX Energy Technologies Inc. ("MATRRIX" or the "Corporation") (TSX-V: MXX) announces that it has granted an aggregate of 775,333 stock options (the "Options") to directors, officers and employees pursuant to the Corporation's incentive stock option plan at an exercise price of $0.61 per share, being the closing price of MATRRIX stock on March 25, 2014. All Options are subject to vesting as to one third a year from the date of grant, one third two years from the date of grant and the remaining third vesting three years from the date of grant. Once vested, the options can be exercised and have an expiration date that is one year from the date of vesting. The grant of Options is subject to applicable stock exchange and regulatory approvals.

ABOUT MATRRIX
MATRRIX is engaged in the acquisition and supply of horizontal and directional drilling technologies for the oil and gas industry in North America.

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.

SOURCE: MATRRIX Energy Technologies Inc.

Richard Ryan
President & Chief Executive Officer
MATRRIX Energy Technologies Inc.
Tel: [phone]

Imran Gulam
Vice President Finance & CFO
MATRRIX Energy Technologies Inc.
Tel: [phone]