Orca Exploration Group Inc. (TSXV:ORC.B) announces a review of strategic alternatives. Orca Exploration board of directors has determined that it is in the best interests of the company and its shareholders that a special committee of independent directors is constituted to review strategic alternatives that might be available to the company to maximize shareholder value. Transactions under consideration by the special committee are expected to include, without limitation, a substantial issuer bid, a secondary listing of the company's shares on another exchange, a reorganization of the company's share capital, a secondary offering of the company's outstanding shares, and the acquisition of the company or other arrangement, merger transaction or business combination with another company, resulting asset and/or jurisdiction diversification and a larger, more liquid market, for the equity of the combined company.