Avala Resources Ltd.
TSX VENTURE : AVZ

Avala Resources Ltd.

June 17, 2011 09:00 ET

Avala Resources Grants Stock Options

LONGUEUIL, QUÉBEC--(Marketwire - June 17, 2011) - Avala Resources Ltd. (TSX VENTURE:AVZ) (the "Company") announces that, subject to regulatory approval, it has approved the grant of an aggregate of 100,000 incentive stock options to non-management directors of the Company following their re-election at the annual meeting of shareholders held on June 15, 2011. The options are exercisable for a period of five years at an exercise price of $1.23.

About Avala Resources Ltd.: Avala is a recently-formed company focused on the exploration and development of the Potoj Cuka sediment-hosted gold project and the Timok gold-copper project in Serbia. The common shares of Avala trade on the TSX Venture Exchange under the symbol AVZ.

Additional information about the Company is available through regular filings and press releases on SEDAR and on the Company's website at www.avalaresources.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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