MacDonald Mines Exploration Ltd.

MacDonald Mines Exploration Ltd.

October 16, 2007 16:12 ET

MacDonald Mines Exploration Ltd.: News Release

TORONTO, ONTARIO--(Marketwire - Oct. 16, 2007) - MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) -

The Company announces the granting of 3,430,000 stock options to directors, officers and consultants at $0.48 per share with an expiry date of October 15, 2011 under the terms of the Incentive Stock Option Plan filed with the TSX Venture Exchange and approved by the shareholders at the last AGM held on June 12, 2007. The stock options issued are subject to a four month hold period.

WARNING: The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.

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

Contact Information

  • MacDonald Mines Exploration Ltd.
    J. A. Kirk McKinnon
    President and Chief Executive Officer
    (416) 364-4986
    MacDonald Mines Exploration Ltd.
    Richard Schler
    Vice President & CFO
    (416) 364-4986
    (416) 364-2753 (FAX)