SilverWillow Energy Corporation Issues Options

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TSX V Trading Symbol: SWE

CALGARY, April 18, 2012 /CNW/ - SilverWillow Energy Corporation ("SilverWillow") (TSXV: SWE) today announces that, pursuant to the provisions of its stock option plan, it has granted an aggregate of 3,973,000 options to directors, officers, employees and consultants. The options have an exercise price of $1.20 per share. The options granted vest as to one third on the first anniversary of the date of grant, one third on the second anniversary of the date of grant and the balance on the third anniversary of the date of grant. The options expire on April 17, 2019. All stock option grants of SilverWillow are subject to receipt of the necessary regulatory approvals.

About SilverWillow Energy

SilverWillow Energy Corporation is a Calgary, Alberta based pre-production oil sands company with a portfolio of exploration leases in Canada's Athabasca oil sands.  To learn more, please visit www.swenergy.ca.

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

Howard J. Lutley, President and Chief Executive Officer, at [phone].