HydraLogic Announces Amendment to Grant of Stock Options

TORONTO, Dec. 10 /CNW/ - HydraLogic Systems Inc. ("HydraLogic" or the "Company") (TSX.V: HLS - OTC Pink Sheet: HYSYF) today announced that it has amended and increased the exercise price of stock options issued to its board reported on November 6, 2007 from $0.165 to $0.30.

At a meeting of the Board of Directors on November 27, 2007 it was decided that the exercise price for the previously granted options would be amended and increased to $0.30 Cdn. per share. The stock options will vest in equal thirds with vestment dates of April 30, 2008, October 31, 2008 and April 30, 2009. The Stock Options have a maturity date of October 31, 2010.

In addition to the above a further 50,000 options were granted to the newly appointed director, Dennis Nykoliation on December 3, 2007 at a grant price of $0.30. Mr. Nykoliation's options will vest in equal thirds with vestment dates of May 31, 2008, November 30, 2008 and May 31, 2009 and have a maturity date of November 30, 2010. Following the issuance of these options there are 3,165,778 options remaining available for issuance under the June 28, 2007 amended Stock Option Plan.