Mr. Larry Treadgold reports
NUBIAN RESOURCES GRANTS STOCK OPTIONS
Nubian Resources Ltd. has granted incentive stock options to directors, officers and a consultant to purchase an aggregate of 300,000 common shares in the capital of the company, exercisable at a price of 10 cents per share for a period of five years. The options are granted in accordance with the company's stock option plan and will vest at the time of grant. Those stock options granted to directors and officers will be subject to a four-month hold period commencing from the date of the grant. This will bring the total number of options outstanding to 955,000, with 662,777 remaining available for grant under the plan.
The grant of stock options is subject to approval by the TSX Venture Exchange.
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