Paramax Resources Ltd.
TSX VENTURE : PXM

Paramax Resources Ltd.

October 01, 2010 17:50 ET

Paramax Resources Ltd. Issues Options

CALGARY, ALBERTA--(Marketwire - Oct. 1, 2010) - Paramax Resources Ltd. ("Paramax" or the "Corporation") (TSX VENTURE:PXM) is pleased to announce the granting of options to acquire 150,000 common shares of the Corporation ("Common Shares") to Brisco Capital Partners Corp. which firm provides investor relations services for the Corporation. The options have an exercise price of $0.40 per Common Share and expire five years from the date hereof.

The Corporation has determined that exemptions from the various requirements of TSX Venture Exchange Policy 5.9 are available for the granting of the options. The options to Brisco Capital Partners Corp. vest in accordance with TSX Venture Exchange guidelines and will expire 30 days after the expiration of the contract for investor relations services.

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.

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