LONDON, ONTARIO -- (MARKET WIRE) -- January 12, 2007 -- Critical Outcome Technologies Inc. (TSX VENTURE: COT) announces today, under the Company's Stock Option Plan, the Board of Directors approved the granting of 580,000 stock options to its non-management directors exercisable at a price of $0.64 per share, which stock options vest immediately. A further 600,000 stock options were granted to senior management exercisable at a price of $0.64 per share with one-sixth of these vesting immediately and one-sixth vesting every six months until complete vesting on July 11, 2009. A final 5,000 stock options were granted to an employee at an exercise price of $0.64 per share, which will vest in 6 months. The exercise price represents the closing price of the Company's common shares on January 10, 2007, as reported on the TSX Venture Exchange.
