Mr. Dennis Milburn reports

COSIGO ANNOUNCES GRANTING OF STOCK OPTIONS

Pursuant to the terms and conditions of the stock option plan, Cosigo Resources Ltd. has granted stock options for the purchase of up to 4.81 million common shares in the capital of the company at a price of 50 cents for a 10-year period. Of these stock options, options to buy 4.35 million shares were issued to certain directors and officers of the company.