RedWater Energy Corp. ("RedWater") (TSX VENTURE:RED) announced today that its
board of directors has approved the grant of 1,300,000 stock options to certain
officers, directors and consultants of RedWater at an exercise price of $0.19
per common share expiring on January 4, 2023.


RedWater currently has 34,840,152 issued and outstanding common shares and
accordingly can grant up to 3,484,015 stock options pursuant to its stock option
plan. Including the grant announced today, RedWater currently has 3,447,250
stock options outstanding.


Business of RedWater Energy Corp.

RedWater Energy Corp. is an emerging oil and gas exploration and development
company. RedWater is engaged in the acquisition, enhancement and exploration of
conventional oil and gas projects in Western Canada with a focus on developing
high working interest light oil opportunities. RedWater's core properties are
located in Redwater, Westlock, Fairydell-Bon Accord and Panny areas of Alberta.
www.redwaterenergy.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
RedWater Energy Corp.
Gary Waters
President & CEO
(403) 995-0465
gwaters@redwaterenergy.com
www.redwaterenergy.com