Merrex Gold Inc.
TSX VENTURE : MXI

Merrex Gold Inc.

December 21, 2006 09:40 ET

Merrex Gold Stock Options Granted

HALIFAX, NOVA SCOTIA--(CCNMatthews - Dec. 21, 2006) - Greg Isenor, President of Merrex Gold Inc., ("Merrex") (TSX VENTURE:MXI) makes the following announcement.

Stock Options

Merrex announces that 1,170,000 incentive stock options have been granted to directors, officers and consultants pursuant to Merrex's incentive stock option plan. The incentive stock option plan is a rolling stock option plan compliant with the prevailing policies of the TSX Venture Exchange. The incentive stock options granted are exercisable for five years at $0.90 per share.

There are a total of 4,310,000 incentive stock options outstanding after the current grant which represents approximately 10% of the outstanding issued capital.

Merrex is a mineral resource exploration company focused on exploration for gold in Mali, West Africa, for nickel in Voisey's Bay, Newfoundland and for zinc at Jubilee in Nova Scotia.

Merrex Gold Inc. invites the public to visit its website at www.merrexgold.com or to email us at info@merrexgold.com to be added to the Company's email list for press releases and updates.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE.

Contact Information

  • Merrex Gold Inc.
    Greg Isenor
    President & CEO
    (902) 832-5555
    or
    Merrex Gold Inc.
    Diane Webber
    Senior Geologist/Investor Relations
    (902) 832-5555
    Email: info@merrexgold.com
    Website: www.merrexgold.com