Canadian Oil

[Arctec]

Mystique Energy Inc.

TSX-V: MYS

December 14, 2006



Mystique Energy Issues Options to Non-Management Staff



CALGARY - Mystique Energy, Inc. announces that the directors of Mystique have approved the issuance of 1,392,500 options to non-management staff to purchase common shares of Mystique at an exercise price of $0.25. Options were not granted to officers or directors. The options were granted 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 59,840,682 shares outstanding, and 5,713,775 options, totaling 65,554,457 shares fully diluted.



About Mystique:



Based in Calgary, Mystique is involved in the exploration and exploitation of petroleum reserves in western Canada.



Disclaimers:



Use of the term barrels of oil equivalent "boe" may be misleading, particularly if used in isolation. A boe conversion ratio of 6 mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.



This news release may contain forward-looking information. Actual future results may differ materially from those contemplated. The risks, uncertainties, and other factors that could influence actual results are described in documents filed with regulatory authorities.



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



For further information:



Vic Luhowy,

President & Chief Executive Officer

Mystique Energy, Inc.

Tel: [phone]

Fax: [phone]

[e-mail]

www.mystiqueenergy.ca