Jadela Grants Options and Extends Closing Date for Private Placement

Jadela Grants Options and Extends Closing Date for Private Placement

Calgary, Alberta CANADA, December 10, 2012 /FSC/ - Jadela Oil Corp. (JOC - TSX Venture)("Jadela" or the "Company") wishes to announce that it has granted stock options to acquire up to an aggregate of 1,150,000 common shares of the Company to certain directors and officers of the Company.  The stock options are exercisable for a five year term expiring on December 5, 2017, and exercisable until that time at a price of $0.20 per common share. On December 7, 2012, the last day that the Company's common shares traded prior to the granting of the stock options, the closing price of the common shares on the TSX Venture Exchange was $0.13 per share.  The stock options, and any common shares issued upon exercise of the stock options, are subject to a resale restriction expiring April 7, 2013.  Jadela also announces that it has extended the closing date for its private placement announced on October 30, 2012 to January 7, 2013.  

About Jadela

Jadela is a junior oil and gas exploration company.  For additional details, please visit Jadela's website at www.jadelaoil.com.For further information, please contact:

Gregory J. Leia, President and CEO
Jadela Oil Corp.
Suite 1510 - 777 - 8th Street SW
Calgary Alberta  T2P 3R5
T: (403) 265-7544
E: gleia@jadelaoil.com
Website: www.jadelaoil.com  

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Source: Jadela Oil Corp. (TSXV: JOC)
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