Atacama Minerals Corp.
TSX VENTURE : AAM

Atacama Minerals Corp.

May 16, 2006 15:08 ET

Atacama Reports Proposed Grant of Incentive Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 16, 2006) - Atacama Minerals Corp. ("Atacama" or "the Company") (TSX VENTURE:AAM) announces that the Board of Directors has today granted incentive stock options in accordance with the Company's Incentive Stock Option Plan ("Plan")to certain directors, officers and other eligible persons. The options entitle such persons to purchase up to an aggregate of 975,000 common shares of the Company at a price of $1.30 per share over a period of three years. The proposed option grants are subject to requisite regulatory approval and are further subject to shareholder approval being obtained to an amendment to the Plan at the Company's upcoming annual meeting.

ON BEHALF OF THE BOARD

Edward F. Posey, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Atacama Minerals Corp.
    Sophia Shane
    Corporate Development
    (604) 689-7842
    (604) 689-4250 (FAX)
    www.atacama.com