CALGARY, ALBERTA--(Marketwire - Oct. 18, 2012) -
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
Suroco Energy Inc. (TSX VENTURE:SRN) (the "Corporation") announces the grant of options to acquire a total of 2,905,000 common shares ("Common Shares") of the Corporation at an exercise price of $0.37 per share, such options to vest immediately and expire five years from the date of grant. Options to acquire 1,395,000 Common Shares were granted to directors and officers of the Corporation, options to acquire 200,000 Common Shares were granted to a director and officer of a subsidiary of the Corporation and options to acquire 1,310,000 Common Shares were granted to employees of the Corporation.
Neither 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.