Chesstown Capital Inc.
TSX VENTURE : FG

May 05, 2011 17:15 ET

Chesstown Capital Inc.: Grant of Incentive Stock Options

BURLINGTON, ONTARIO--(Marketwire - May 5, 2011) -

Chesstown Capital Inc. ("Chesstown" or the "Company)(TSX VENTURE:FG) is pleased to announce that it has agreed to grant 525,000 incentive stock options to its directors, employees and consultants of the Company exercisable at a price of $0.20 per share for a period of five years from the date of grant.

On behalf of the Board of Directors of Chesstown Capital Inc.

"Edward Stringer"

Edward Stringer, President

Information for Investors

This press release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. GTA cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what GTA currently foresees. Discussion of the various factors that may affect future results is contained in GTA's recent filings, available on SEDAR.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

"Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this release."

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