MOONCOR ANNOUNCES GRANT OF INCENTIVE STOCK OPTIONS

MOO: TSX Venture Exchange

CALGARY, Nov. 22 /CNW/ - Mooncor Oil & Gas Corp. ("(less than)b(greater than)Mooncor(less than)/b(greater than)") (MOO:TSXV) announced today, that its board of directors has approved the grant of 950,000 stock options to certain officers, directors and consultants of Mooncor at an exercise price of $0.25 per common share expiring on November 19, 2020.

Mooncor currently has 106,068,568 issued and outstanding common shares and accordingly can grant up to 10,606,856 stock options. In addition to the grant announced today, Mooncor currently has 10,570,834 stock options outstanding.

Business of Mooncor Oil & Gas Corp.

Mooncor Oil & Gas Corp. is a junior oil and gas exploration and development company. Mooncor is focusing on its shale gas opportunities with a current emphasis on negotiations for a joint venture partner on its high impact proven Muskwa/Duvernay shale gas play at Hamburg, Alberta as well as structuring a spinoff of its southwest Ontario assets into a new entity.

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although Mooncor believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, Mooncor disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

Neither 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: Richard Cohen, Vice-President (Corporate Development), Mooncor Oil & Gas Corp., Tel: [phone], [email protected]