Parallel Resources Ltd.
TSX VENTURE : PAL

Parallel Resources Ltd.

June 11, 2010 17:22 ET

Parallel Resources Ltd.: Granting of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2010) - David Thornley–Hall, President of Parallel Resources Ltd. (TSX VENTURE:PAL), announces that the Company has granted incentive stock options to officers and employees to purchase up to 270,000 common shares under the Company's incentive stock option plan. These stock options are exercisable for a period of five years at an exercise price of $0.20.

Parallel Resources Ltd. is a TSX-V listed mineral exploration company focused on acquiring and exploring district-scale poly-metallic properties with precious metal credits in Mexico. The Company's goal is to create shareholder value by developing mineral projects that have the potential to become large new mineral discoveries and ultimately, profitable mines.

PARALLEL RESOURCES LTD.

David Thornley-Hall, President

CAUTIONARY DISCLAIMER – FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, are "forward-looking statements". We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties, as discussed in the Company's filings with Canadian and United States securities agencies. The Company expressly disclaims any obligation to update any forward-looking statements other than as required by applicable law. We seek safe harbour.

"Neither TSX Venture Exchange 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

  • Parallel Resources Ltd.
    Gregg Wilson
    (604) 685-9790 or Toll Free: 1-877-684-9700
    (604) 685-9744 (FAX)
    info@parallelresources.com