Golden Valley Mines Ltd. Grants Incentive Stock Options
Golden Valley Mines Ltd. (TSX- VENTURE: GZZ) announces that it has granted an aggregate 1,060,000 incentive stock options under its 2007 Stock Option Incentive Plan to directors, officers, employees, and consultants at an exercise price of $0.35 per share. Of these options, an aggregate 775,000 options have been granted to the Company’s directors and officers. The options expire five (5) years from the date of grant, vest quarterly over an 18-month period, and are subject to the required four (4) month hold period and other applicable regulatory approvals.
About Golden Valley Mines Ltd.: The Company typically tests initial grassroots targets while owning a 100% interest and then seeks partners to continue exploration funding. This allows the Company to continue its generative programs and systematic exploration efforts at other majority-owned grassroots projects. As of February 7, 2008, the company holds majority property interests in 137 projects consisting of 4,260 mining titles (237,644 hectares) in Saskatchewan, Ontario and Quebec.
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Contacts: Golden Valley Mines Ltd. Glenn J. Mullan President and CEO Toll Free: 514-879-1688, x 222 glenn.mullan@goldenvalleymines.com Golden Valley Mines Ltd. Luciana Zannella Vice President, Legal and Corporate Affairs 514-879-1688, x 251 luciana.zannella@goldenvalleymines.com
SOURCE: Golden Valley Mines Ltd.