CALGARY, ALBERTA, Sep. 14, 2009 (Marketwire) -- Traverse Energy Ltd. ("Traverse") (TSX VENTURE:TVL) announced today that it has granted 1,300,000 stock options to its directors and officers with an exercise price of $0.40 per share and an expiry date 5 years from the date of grant. The options granted to the directors and officers will vest immediately upon grant. The total number of options outstanding as of the date hereof is 1,800,000.

Traverse is a junior oil and natural gas exploration and production company with a substantial land base in Alberta. The common shares of Traverse are listed on the TSX Venture Exchange under the trading symbol "TVL".

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.