Channel Resources Ltd.
TSX VENTURE : CHU

Channel Resources Ltd.

April 06, 2006 12:47 ET

Channel Resources Ltd.: Grant of Stock Options

KELOWNA, BRITISH COLUMBIA--(CCNMatthews - April 6, 2006) - Channel Resources Ltd. (the "Company") (TSX VENTURE:CHU) announces that a stock option for 50,000 shares has been granted to an officer of the Company pursuant to the Company's 2004 Stock Option Plan (the "Plan") exercisable at a price of Cdn$0.32 per share expiring April 4, 2009. Any securities issued on exercise thereof will be subject to a four month hold period expiring August 5, 2006. This option will vest at 33.33% per year. Following the above grant, 2,980,000 options in aggregate are outstanding under the Plan.


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