Shane Resources Ltd.

Shane Resources Ltd.

October 31, 2007 15:11 ET

Shane Resources Ltd. Announces Issuance of Directors Options

SASKATOON, SASKATCHEWAN--(Marketwire - Oct. 31, 2007) - Shane Resources Ltd. (TSX VENTURE:SEI) -

The Company announces the issuance of a total of 1.3 million directors options. Three hundred thousand of the options will be set at $0.30 per share, five hundred thousand will be at $0.50 and five hundred thousand will be priced at $0.75. The options will be for a period of five years and are subject to regulatory approval.


Rick Walker, President

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