Clifton Star Resources Inc.

Clifton Star Resources Inc.

April 16, 2013 17:23 ET

Clifton Star Resources Grants Stock Options

QUEBEC CITY, QUEBEC--(Marketwired - April 16, 2013) - Clifton Star Resources Inc. ("Clifton Star" or the "Corporation") (TSX VENTURE:CFO)(FRANKFURT:C3T) reports that it has granted 725,000 stock options to the directors and President. The options were granted according to the Option Plan of the Corporation.

The incentive stock options granted replace a similar number of incentive stock options that had been granted in the past and that recently expired unexercised. All the incentive stock options granted are exercisable at a price of $0.85 per share which represents a premium to the closing price ($0.44/share) on the grant date. The incentive stock options are exercisable for a period of five years from the date of the grant (April 15, 2013).

One quarter of the incentive stock options vest immediately and the balance vest at a rate of 25% every six months over the next 18 months. Any shares issued under the option grant will be subject to a four-month hold period from the date of granting of the option (April 15, 2013), pursuant to the policies of the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulations Services Provider (as the term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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