Helena Resources Limited

January 16, 2006 16:30 ET

Helena Resources Limited: Granting of Stock Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 16, 2006) - Helena Resources Limited (the "Company") (NEX BOARD:HRS.H) wishes to announce that it has granted an aggregate of 363,000 incentive stock options to the directors and to a consultant. Each option entitles its holder to purchase one common share of the Company for a period of five years from this date at an exercise price of $0.16 per share. The shares underlying the options will vest immediately and will be subject to a hold period of four months from today's date, as required by the TSX Venture Exchange (the "Exchange") and in accordance with securities laws. Of the total amount, 353,000 options are granted to the directors.

This grant is subject to regulatory approvals, and is made pursuant to the Company's December 15, 2004 Stock Option Plan.

On behalf of the board of directors


Barrett Sleeman, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Helena Resources Limited
    Mr. Salvador Miranda
    (604) 806-6110
    (604) 806-6112 (FAX)