Committee Bay Resources Ltd.
TSX VENTURE : CBR

Committee Bay Resources Ltd.

January 16, 2006 12:58 ET

Committee Bay Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 16, 2006) - Committee Bay Resources Ltd. (TSX VENTURE:CBR) (the "Corporation") today announced that, subject to regulatory approval, the Board of Directors has approved a grant of stock options, pursuant to the Corporation's stock option plan, to acquire an aggregate of 640,000 common shares of the Corporation ("Common Shares") of which stock options to acquire an aggregate of 590,000 Common Shares were granted to insiders of the Corporation. The options will have an exercise price of $0.81 per Common Share.

On behalf of the Board,

Committee Bay Resources Ltd.

/s/ "John Williamson"

John Williamson, P.Geol.

President


Contact Information

  • Committee Bay Resources Ltd.
    Jim Paterson
    (888) 331-2299 or (604) 646-4521
    Website: www.committeebay.com