Metallum Resources Inc.

Metallum Resources Inc.

November 08, 2010 18:00 ET

Metallum Resources Inc. Announces Granting of Options

TORONTO, ONTARIO--(Marketwire - Nov. 8, 2010) - Metallum Resources Inc. (TSX VENTURE:MRV) (the "Company") announces that today its Board of Directors granted 2,700,000 options under the Company's Stock Option Plan to its various directors and/or officers (consisting of 5 persons). The options have been granted for a period of 5 years and have an exercise price equal to the closing market price of the Company's shares today ($0.145). All options granted are subject to the terms and provisions of the Stock Option Plan. 

About Metallum Resources Inc.

Metallum has an option to earn a 70% interest in the M-18 gold property in Argentina. It has 53,803,828 common shares outstanding and in excess of $5 million in cash, with no debt, as of today's date.

Further details may be obtained from our website:

The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange Inc. 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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