First Pursuit Ventures Ltd.
TSX VENTURE : FPV

May 03, 2011 15:54 ET

First Pursuit Grants Options and Announces Name Change

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 3, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

First Pursuit Ventures Ltd. (TSX VENTURE:FPV) (the "Company") announces the grant of 850,000 incentive stock options under its incentive stock option plan to certain directors, officers, employees and consultants. The options are exercisable at $0.27 for a period of five years from the date of grant. All options are subject to a four-month hold period and are granted in accordance with the terms of the Company's stock option plan.

The Company intends to change its name to Silver Pursuit Resources Ltd. to more appropriately reflect the Company's main activity. The name change is expected to occur after its Annual General Meeting scheduled for May 16, 2011, and a symbol change may also be required. The name change will be subject to TSX Venture Exchange approval.

ON BEHALF OF FIRST PURSUIT VENTURES LTD.

Terry Fields, President and Director

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

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