Reliable Energy Ltd. - Grant of stock options

CALGARY , Oct. 1 /CNW/ - Reliable Energy Ltd. (formerly Ceres Capital Corp.) (the "Corporation" or "Reliable") (TSXV: REL), announced that it has granted stock options to certain directors of the Corporation, which options will entitle the holders thereof to purchase up to an aggregate of 220,000 common shares at a price of $0.19 per share on or before the fifth anniversary of the date of issue.

About Reliable

Reliable is an Alberta based public company listed on the TSX Venture Exchange. The Company is currently focused on two core areas in the Western Canadian Sedimentary Basin. The first core area consists of an unconventional resource play in the Bakken/Three Forks formation situated on the Saskatchewan - Manitoba border. The second is a Devonian reef play in central Alberta.

    
    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: Reliable Energy Ltd., John Newman, VP Finance & CFO, Phone: [phone], Fax: [phone], Email: [email protected], Web: www.reliableenergy.ca; Investor Relations, Jim Glass, Ascenta Capital Partners Inc., Phone: [phone] ext. 225, Phone: [phone], Email: [email protected]