Jilbey Gold Exploration Ltd.

Jilbey Gold Exploration Ltd.

March 11, 2005 16:53 ET

Jilbey Gold Grants Options


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: JILBEY GOLD EXPLORATION LTD.

TSX VENTURE SYMBOL: JLB

MARCH 11, 2005 - 16:53 ET

Jilbey Gold Grants Options

BEDFORD, NOVA SCOTIA--(CCNMatthews - March 11, 2005) - Jilbey Gold
Exploration Ltd (TSX VENTURE:JLB) - The Corporation wishes to announce
that it has granted a total of 1,000,000 incentive stock options to
officers and directors and 200,000 options to consultants to the
Corporation. All options granted have an exercise price of $0.50 and
expire March 10, 2010. The granting of the options are subject to TSXV
approval and have been granted pursuant to an Amended Stock Option Plan
which has been submitted to the Corporation's shareholders for approval.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Jilbey Gold Exploration Ltd.
    Gregory Isenor, P Geo
    President and CEO
    (902) 832-5555
    (902) 832-2223 (FAX)
    or
    Jilbey Gold Exploration Ltd.
    Daniel Whittaker
    VP and CFO
    (902) 832-5555
    (902) 832-2223 (FAX)
    or
    Jilbey Gold Exploration Ltd.
    Alec Alipan
    Investor Relations
    (416) 907-0979
    alec@baystreetconnect.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.