Avery Resources Inc.

Avery Resources Inc.

March 04, 2005 17:41 ET

Avery Resources Inc. Announces Grant of Stock Options


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AVERY RESOURCES INC.

TSX VENTURE SYMBOL: ARY

MARCH 4, 2005 - 17:41 ET

Avery Resources Inc. Announces Grant of Stock Options

CALGARY, ALBERTA--(CCNMatthews - March 4, 2005) - Avery Resources Inc.
(TSX VENTURE:ARY) ("Avery" or the "Corporation") announced today that,
subject to regulatory approval, it has granted an aggregate of 66,833
stock options to various directors and employees of Avery. The stock
options are exercisable at $0.48 per share and expire five years from
the date of issue. Insiders of Avery received 53,500 of the options
granted.

The Corporation is an international junior oil and gas exploration
company based in Calgary, Alberta that trades on the TSX Venture
Exchange under the symbol ARY. The Corporation is committed to growing
shareholder value through international acquisitions and exploration.

Forward looking statements: Except for statements of historical fact,
all statements in this press releases, without limitation, regarding new
projects, acquisitions, future plans and objectives are forward-looking
statements which involve risks and uncertainties. There can be no
assurance that such statements will prove to be accurate; actual results
and future events could differ materially from those anticipated in such
statements.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Avery Resources Inc.
    David Little
    Chairman & CEO
    (403) 205-2526
    or
    Avery Resources Inc.
    Bill Bale
    Investor Relations
    Toll-free: 1-866-225-2783
    (403) 263-3168 (FAX)
    Email: billbale@averyresources.com
    Website: www.averyresources.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.