Ms. Leni Keough reports

OLIVUT RESOURCES LTD. SHARE OPTION GRANT

Olivut Resources Ltd. has granted stock options to certain directors, officers and consultants of the company, pursuant to the company's stock option plan, to purchase up to 3,415,000 common shares in the capital of the company at an exercise price of five cents per common share. The stock options will expire on April 30, 2035.

The grant of options is subject to regulatory approval, including approval of the TSX Venture Exchange.

Olivut is a diamond exploration company with a 100-per-cent mineral interest in the HOAM project and a 50-per-cent interest in the Seahorse project, both projects being located in Canada's Northwest Territories.

We seek Safe Harbor.