Milner Consolidated Silver Mines Ltd.
TSX VENTURE : MCA

October 11, 2005 10:12 ET

Milner Announces Grant Of Stock Option

PENETANG, ONTARIO--(CCNMatthews - Oct. 11, 2005) - MILNER CONSOLIDATED SILVER MINES LTD. (Milner) (TSX VENTURE:MCA) - announces that options to acquire 200,000 common shares of Milner at an exercise price of $0.26 per share expiring on October 9, 2010 have been granted to a director and officer of the Company's wholly owned Mexican subsidiary. The market price at close of previous day was $0.25. The grant of this option is in accordance with the existing stock option plan.

The grant of the incentive stock options is subject to regulatory approval.

Milner Consolidated Silver Mines Ltd. is a junior resource company, quoted for trading on the TSX Venture Exchange under the symbol MCA. There are currently 7,045,006 shares issued and outstanding in Milner Consolidated Silver Mines Ltd.

On Behalf of the Board,

D.J. Bazinet,

President

Shares Outstanding: 7,045,006

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

Contact Information

  • Milner Consolidated Silver Mines Ltd.
    Deborah Bazinet
    (705) 533-3430