TORONTO, ONTARIO--(Marketwire - March 9, 2012) - Metallum Resources Inc. (TSX VENTURE:MRV) (the "Company") announces that its Board of Directors has granted 150,000 options under the Company's Stock Option Plan to an officer of the Company. The options have been granted for a period of 5 years and have an exercise price of $0.16 per common share, equal to the closing market price of the Company's shares on March 1, 2012. All options granted are subject to the terms and provisions of the Stock Option Plan. The specific option grant follows the expiry on February 20, 2012 of 100,000 options granted to the same officer.
About Metallum Resources Inc.
Metallum has an option to earn a 70% interest in the M-18 gold property in Argentina. It has 67,574,260 common shares outstanding and in excess of $7 million in cash, with no debt, as of today's date.
Further details may be obtained from our website: www.metallumresourcesinc.com.
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.
Contact Information:
Greg Lipton
President
(416) 861-8351
(416) 867-2298 (FAX)
greg.lipton@metallumresourcesinc.com
www.metallumresourcesinc.com