Mystique Energy Issues Options

TSX-Venture Exchange: MYS 

CALGARY, May 10 /CNW/ - Mystique Energy, Inc. ("Mystique") announces that
the directors of Mystique have approved the issuance of 220,000 options to
purchase common shares of Mystique at an exercise price of $0.47. The options
were granted to a new director and a new employee of the company under the
terms of Mystique's option plan which was approved by shareholders at the 2006
annual general meeting.
With the granting of these options, Mystique will have 49,670,807 shares
outstanding, 3,741,275 options and 7,083,492 warrants, totaling 60,495,574
shares fully diluted.
Based in Calgary, Mystique is involved in the exploration and
exploitation of petroleum reserves in western Canada.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
%SEDAR: 00001147E