CALGARY, Jan. 31 /CNW/ - Breaker Energy Ltd. (TSX-V: WAV.A and WAV.B) announces the January 30, 2006 grant of 214,500 stock options to directors and officers pursuant to its stock option plan. The options have a 5 year term and an exercise price of $5.00 per share. Breaker Energy Ltd. is a junior oil and gas company focused on creating shareholder value by growing per share production and reserves through acquisitions and a focused exploration, development and exploitation plan. Breaker has access to a land base of over 400,000 acres in Western Canada. Breaker Energy trades on the TSX Venture Exchange under the symbols WAV.A and WAV.B. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. %SEDAR: 00021180E