CALGARY, ALBERTA – February 01, 2018 – Pieridae Energy Limited (PEA-TSXV) announces that in accordance with its stock option plan, Pieridae's Board of Directors granted on January 29, 2018, 1,007,400 stock options to 23 of its employees and directors. The price has been set at $ 5.67 per share, and the expiry date for these options is January 28, 2023.


About Pieridae

Pieridae is a Canadian corporation based in Calgary, Alberta focused on the development of fully integrated energy activities, from upstream production to the sale of LNG. Pieridae’s main project is the Goldboro LNG Project and, to supplement the resources it has acquired in New Brunswick and Quebec, Pieridae has embarked on a strategy to consolidate natural gas reserves in key natural gas basins to develop new international markets for Canadian and US natural gas. Pieridae will continue to seek to build a long term portfolio of natural gas to supply the Goldboro LNG Project. Pieridae is on the leading edge of the re-integration of the LNG value chain in North America. Pieridae has 50,498,852 shares issued and outstanding.


For further information please contact:

Alfred Sorensen, Chief Executive Officer: Telephone: (418) 657-1966

Mario Racicot, Chief Financial Officer: Telephone: (418) 657-1966