Exall Resources Limited

Exall Resources Limited

September 28, 2005 16:00 ET

Exall Grants Options

TORONTO, ONTARIO--(CCNMatthews - Sept. 28, 2005) - Exall Resources Limited ("Exall" or the "Corporation")(TSX:EXL) announced that an aggregate of 543,750 options were granted to two officers and five consultants to the Corporation.

The two officers received 210,000 options effective August 22, 2005 for past commitments owing to them by the Corporation. The options are exercisable at $0.24 for a period of 5 years. The consultants received 333,750 options for their services relating to the Gold Eagle Project. One consultant received 168,250 options effective September 13, 2005, with 112,500 options exercisable at $0.475 and 56,250 options exercisable at $0.50 per share, all for a period of one year. Another consultant received 40,000 options effective September 22, 2005 exercisable at $0.80 per share for a period of one year, while three other consultants received 125,000 options effective September 20, 2005 exercisable at $0.80 per share for a period of 5 years.

Exall Resources Limited is a Toronto Stock Exchange listed company that trades under the symbol EXL (S.E.C. registration #82-3535). Exall is active in its business of gold exploration and development in Red Lake, Ontario, as well as oil and gas exploration, development and production from its properties in Alberta, British Columbia and Texas.

There are 69.4 million common shares issued and outstanding.

Contact Information

  • Exall Resources Limited
    Stephen G. Roman
    Chairman, President and CEO
    (416) 368-3949