Welcome To The Contact Exploration Inc HUB On AGORACOM

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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

Message: Stock Option Grants
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Stock Option Grants

posted on Jan 30, 2009 01:09PM
January 30, 2009
Contact Exploration Inc.: Stock Option Grants
CALGARY, ALBERTA--(Marketwire - Jan. 30, 2009) - Contact Exploration Inc. ("Contact") (TSX VENTURE:CEX) - Contact announces that it has today granted an aggregate of 1,575,000 options to purchase common shares to directors, officers and consultants of Contact, at an exercise price of $0.10 per common share, exercisable for five years, in accordance with Contact's Stock Option Plan as re-approved by shareholders at the annual general and special meeting held in November, 2008.

About Contact Exploration Inc.

Contact Exploration Inc. is a junior exploration company with a focus on Canadian East Coast onshore conventional exploration, shale gas exploration & oil production. Contact's holdings and operations are located in close proximity to one of the world's largest consumption markets, near strong pipeline and refining infrastructure and in mature jurisdictions with reasonable royalty structures in place.

Contact's philosophy is to operate production and exploration in our core area of Atlantic Canada, and to participate in unconventional shale gas exploration, such as the Windsor Shale Block in Nova Scotia (a prospect which was generated by Contact).

Contact has onshore interests in approximately 700,000 acres in Nova Scotia, approximately 70,000 acres in west Newfoundland and 165,000 acres in New Brunswick which includes the Stoney Creek Field (approximately 5,500 acres), a field with estimated proved and probable reserves of 1.2 million barrels of oil and 7.2 bcf of natural gas. In addition to the Atlantic Canadian properties, Contact has producing oil assets in south eastern Saskatchewan.
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