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".