Southern Energy Corp. Announces Stock Option Grant

Southern Energy Corp. (TSXV:SOU, AIM:SOUC, OTCQX:SOUTF) has announced the grant of 3,102,500 stock options under its Stock Option Plan. These options, part of the company's compensation and employee retention program, allow the purchase of common shares at CAD$0.175 per share, the closing price on the TSXV the day before the announcement.

The options expire in five years and vest in three tranches: one third upon granting, one third on the first anniversary, and the final third on the second anniversary. A total of 1,642,000 options were issued to directors and managerial staff, including President and CEO Ian Atkinson (417,000) and CFO Calvin Yau (350,000).