Amseco Exploration Ltd.

Amseco Exploration Ltd.

November 10, 2006 17:24 ET

Amseco Announces the Amendment of its Stock Option Plan and a Stock Option Grant

PIEDMONT, QUEBEC--(CCNMatthews - Nov. 10, 2006) - Amseco Exploration Ltd. (TSX VENTURE:AEL) ("Amseco") is pleased to announce that, subject to the approval of the TSX Venture Exchange (the "Exchange"), the board of directors of Amseco has approved a resolution increasing the number of common shares reserved for issuance under its current stock option plan from 121,500 to 479,400 shares.

Subject to the approval of the Exchange, Amseco has granted stock options to the directors of Amseco to allow for the purchase of up to 375,000 shares at a price of $0.25 per share for a period ending on November 9, 2011 pursuant to its amended stock option plan.

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

Contact Information

  • Amseco Exploration
    Bertrand Dufour
    President and Chief Executive Officer
    450-240-0522 (FAX)