Canaco Resources Inc.
TSX VENTURE : CAN

Canaco Resources Inc.

December 03, 2010 15:54 ET

Canaco Grants Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2010) - Canaco Resources Inc. (TSX VENTURE:CAN) has granted an aggregate of 7,225,000 stock options to certain directors, officers and consultants pursuant to Canaco's Stock Option Plan. The options have an exercise price of $4.56 per share and an expiry date of December 3, 2015.

Andrew Lee Smith, P.Geo, CEO
Canaco Resources Inc.

Dr. Jingbin Wang, Chairman
Canaco Resources Inc.

Neither 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 release.

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