CALGARY, ALBERTA--(Marketwired - Dec. 25, 2014) - Alvopetro Energy Ltd. (TSX-V:ALV) announces the grant of stock options.

Alvopetro has granted stock options to purchase 1,430,000 common shares under Alvopetro's stock option plan, of which 1,032,500 were granted to directors and officers. Each stock option has an exercise price of Cdn.$0.40, being the volume weighted average trading price of Alvopetro's shares on the TSX Venture Exchange for the five consecutive trading days ending on and including December 24, 2014. Stock options granted to directors and officers expire five years from the date of grant.

Alvopetro Energy Ltd.'s vision is to be the premier independent exploration and production company in Brazil, maximizing shareholder value by being the lowest cost operator and applying innovation to underexploited opportunities. Alvopetro aims to implement a large-scale, repeatable, low-risk, multi-well development program, utilizing advanced technology and completion techniques. Alvopetro's strong financial position, along with our experienced team of professionals, local operating capabilities and highly prospective land base, will enable us to efficiently develop our resource play opportunities.

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 news release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Corey C. Ruttan, President and Chief Executive Officer and Director