SLV tsxventure

CALGARY, Dec. 4 /CNW/ - Stealth Ventures Ltd. ("Stealth" or the "Company") has completed an extensive review of its current compensation program relative to the fluctuating global market conditions, and as a result of this review has granted new options under its incentive stock option plan to its directors, officers, employees and consultants, entitling them to purchase up to a total of 3,439,000 shares at a price of $0.25 per share, effective immediately.

With extreme reductions in share prices throughout the oil and gas industry, options previously granted to highly valued employees have essentially become worthless. In order to avoid losing such employees to other industry companies, Stealth has granted the new options disclosed above at a premium to the current market price of its shares. Given contemplated future cancellations of out-of-the-money options, the granting of these new options will not materially increase the total number of options issued and outstanding.

Stealth has experienced an extremely positive 2008, building itself from a pure exploration play to a long-term self sustaining development company. The Company feels its current net asset value is not reflected by its current market share price, and is looking forward to producing engineering reports that confirm this. Stealth believes that a long-term investment in its personnel will maintain its strong growth outlook for 2009 and in years to come.

Stealth Ventures Ltd. is a Calgary-based junior oil and gas company whose expertise and focus is on "unconventional" gas reserves from shale gas, CBM and tight gas sand reservoirs.

STEALTH VENTURES LTD.
"Derek Krivak"
Per: DEREK KRIVAK
Chief Executive Officer
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS
RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS
MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED.

%SEDAR: 00008195E