Canada Fluorspar Inc.

May 17, 2011 13:56 ET

Canada Fluorspar Inc. Announces Grant of Stock Options

TORONTO, ONTARIO--(Marketwire - May 17, 2011) - Canada Fluorspar Inc. (TSX VENTURE:CFI) (the "Company") announces that it granted an aggregate of 950,000 stock options ("Options") pursuant to its stock option plan to a total of nine directors and officers of the Company. All Options were granted at an exercise price of $0.60 per share and shall vest upon the Company commencing production at its St. Lawrence facility. The Options expire on May 16, 2021. Directors of the Company do not receive fees for their services and are granted Options in lieu thereof.

About the Company

The Company is a specialty mineral resource company engaged in the development and production of fluorspar deposits at its property located in St. Lawrence, Newfoundland, Canada, and is moving forward to reactivate existing underground fluorspar mines, expand an existing mill, construct a new, environmentally-sound Tailings Management Facility and build a new deep-water marine terminal in the outer St. Lawrence Harbour for the export of fluorspar concentrate product.

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"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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