Breaker Energy announces stock option grant

CALGARY, Feb. 1 /CNW/ - Breaker Energy Ltd. (TSX-V: WAV.A and WAV.B)
announces the January 31, 2006 grant of 70,000 stock options to directors
pursuant to its stock option plan. The options have a 5 year term and an
exercise price of $5.20 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.

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