Mr. Mendel Ekstein reports

PETROLYMPIC ANNOUNCES OPTION GRANT

A total of 1.6 million options to purchase common shares of Petrolympic Ltd. have been granted to directors and officers of the company, under the company's existing stock option plan. The stock options are exercisable at a price of 11.5 cents per share, will vest immediately and will expire on Nov. 2, 2031.

We seek Safe Harbor.