CALGARY, March 22 /CNW/ - Kroes Energy Inc. (TSX Venture: KRS) announced today that it has granted incentive stock options to a recently appointed Director of the Company for the purchase of 100,000 common shares at $0.345 per share. The options will vest equally over the next three years and have a term of five years. Under its option plan, Kroes can issue options for a maximum of 10% of the number of shares outstanding and, prior to this grant, the number of options available to issue was 360,000. Kroes Energy is a junior oil and gas producer and explorer participating in the Lelyaki Oilfield redevelopment project in Ukraine, one of Eastern Europe's fastest growing economies. Kroes has a strong management team with extensive international experience. Shares trade on the TSX Venture Exchange under the symbol KRS. To receive company news releases via e-mail, please advise heather(at)chfir.com and specify "Kroes Press Releases" in the subject line. %SEDAR: 00007855E