read as followsProposed Issue of Options to DirectorsPursuant to...

read as follows

Proposed Issue of Options to Directors
Pursuant to Listing Rule 3.10 Green Rock Energy Limited wishes to advise that, subject to shareholder approval at its next
General Meeting, it proposes to issue a total of 3,500,000 ordinary share options to Directors as follows:
DIRECTORS NO. OF OPTIONS
Mr Richard Beresford 2,000,000
Mr Adrian Larking 1,000,000
Dr J?rg Baumg?rtner 500,000
This proposed issue of options is a performance incentive for the future and to give recognition to the value that will be derived
from the Directors concerned for contribution to the Company through its Board.
It is proposed that the exercise price of the options be set 50% above the closing price on the ASX of the Company?s shares on
the day of the General Meeting.
The details of this proposed issue are as follows:
? Class of securities to be issued: Ordinary share options
? Number of securities to be issued: 3,500,000
? Exercise price: Set at 50% above the closing price of the Company?s shares on the ASX on
the day of the General Meeting, rounded up to the next whole cent
? Vesting conditions: Options vest 50% on 16 November 2010 and the balance on 16 November 2011
? Options expire: On 16 November 2014
? Consideration: Nil
? Purpose of issue: As a performance incentive and value recognition
? Shareholder approval: To be sought at the next General Meeting


WHAT A JOKE