Grande West Transportation Group Inc.
TSX VENTURE : BUS

Grande West Transportation Group Inc.

July 30, 2015 15:13 ET

Grande West Announces New CFO And Grant Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 30, 2015) - Grande West Transportation Group Inc. (TSX VENTURE:BUS) ("Grande West" or the "Company") is pleased to announce that it has appointed Aaron Triplett as its new Chief Financial Officer and Corporate Secretary.

Mr. Triplett is a Chartered Professional Accountant certified by the Institute of Chartered Accountants of British Columbia. Aaron is currently the principal and owner of A.R.T. Tax, a public accounting firm. Most recently, Aaron was a Manager with the Assurance and Tax department of Buckley Dodds Parker LLP, Chartered Accountants, an accounting firm located in Vancouver, British Columbia. Prior to that, Aaron was a Senior Staff Accountant with BDO Dunwoody LLP at its office in Vancouver, British Columbia.

Grande West is pleased to welcome Aaron to its management team.

The Company announces that it has granted stock options to employees, a consultant, and an officer for the purchase of up to 460,000 common shares, exercisable for a period of five years at a price of $0.66 per share.

The Company also announces that at the recent shareholders' meeting, the shareholders approved the Restricted Stock Unit Incentive Plan (the "RSU Plan"). The maximum number of shares of the Company issuable under the RSU Plan is 500,000. For further information about the RSU Plan, please see the Company's Information Circular dated June 10, 2015 available on www.sedar.com.

About Grande West Transportation Group

Grande West is a Canadian bus manufacturer who designed, engineered and manufactures Vicinity buses. With little competition in the "mid-size" bus range, Grande West has set itself apart from others with the Vicinity bus - a heavy duty mid-size, true community transit bus now in operation in many municipalities across Canada.

The Vicinity is designed with affordability, accessibility and global responsibility in mind. It costs significantly less than a regular 40 foot transit bus, burns less fuel, emits less harmful emissions, has lower maintenance costs and is considerably more durable than cut-away buses which are based on a truck chassis.

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

Cautionary Note Regarding Forward-Looking Statements

This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding the use of proceeds from the Private Placement, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

Important factors that could cause actual results to differ materially from Grande West's expectations include uncertainties relating to the receipt of final approval from the TSX-V; and other risk and uncertainties disclosed in Grande West's reports and documents filed with applicable securities regulatory authorities from time to time. Grande West's forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Grande West assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.

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