FPL First Calgary

    Grant of options to Directors

    CALGARY, Nov. 16 /CNW/ - First Calgary Petroleums Ltd. ("FCP" or the
"Company") announces that, as part of a Company wide grant of stock options on
November 15, options to acquire common shares at an exercise price of $6.21
(Cdn.) per share were granted to the Directors of the Company as follows:
Richard Anderson - 200,000; Raymond Antony - 50,000; Alastair Beardsall -
50,000; Darryl Raymaker - 50,000; and Yuri Shafranik - 50,000. Pursuant to the
Company's stock option plan, options granted have a term of five years from the
date of grant and vest one-third on the date of grant and one-third on each of
the first and second anniversary dates.


    First Calgary Petroleums Ltd. is an oil and gas exploration company
actively engaged in international exploration and development activities in
Algeria. The company's common shares trade on the Toronto Stock Exchange in
Canada (FCP) and on the AIM market of the London Stock Exchange in the UK
(FPL).

   

    This press release is being issued in compliance with the rules of the AIM
market of the London Stock Exchange.

 

    For further information: Richard G. Anderson, President and CEO, First
Calgary Petroleums Ltd., Tel: (403) 264-6697, Website: www.fcpl.ca

(FPL)



END

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