CALGARY, ALBERTA--(Marketwire - Sept. 13, 2011) - Traverse Energy Ltd. ("Traverse" or "the Company") (TSX VENTURE:TVL) announces that it has granted stock options to its directors and officers to purchase 650,000 common shares with an exercise price of $0.80 per share and an expiry date 5 years from the date of grant. The options granted vest immediately upon grant. The total number of options outstanding as of the date hereof is 3,575,000.

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 the content of this release.

Contact Information:

Traverse Energy Ltd.
Laurie Smith, President and CEO
Suite 780, 839 - 5th Avenue SW
Calgary, AB T2P 3C8
(403) 264-9223