BALTIC RESOURCES INC.
TSX VENTURE : BLR

BALTIC RESOURCES INC.

August 16, 2005 09:00 ET

Baltic Resources Inc. Announces Grant Of Stock Options To Its Directors And Officers

TORONTO, ONTARIO--(CCNMatthews - Aug. 16, 2005) - Baltic Resources Inc. (the "Company")(TSX VENTURE:BLR) wishes to announce that it has granted an aggregate of 1,000,000 stock options to its directors and officers pursuant to the Company's stock option plan (the "Plan"). Each option entitles the holder thereof to purchase one common share of the Company at an exercise price of $0.24 per share over a five year period in accordance with the terms of the Plan.

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

Contact Information

  • Baltic Resources Inc.
    Donald D. McKinnon
    President and Chief Executive Officer
    705.268.8822