Plexmar Resources Inc.

Plexmar Resources Inc.

August 30, 2007 16:48 ET

Plexmar Resources Inc.: Grant of Options

QUEBEC CITY, QUEBEC--(Marketwire - Aug. 30, 2007) - Plexmar Resources Inc., "Plexmar" (TSX VENTURE:PLE), granted a total of 3,850,000 stock options to officers (1,200,000), directors (2,050,000) and consultants (600,000) in accordance with the terms and conditions of the stock option plan and subject to any approval that may be required by the TSX Venture Exchange. This grant is effective today. Each stock option grants to its holder the right to acquire one common share of Plexmar at a price of $0.30 on or before August 30, 2012.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

133 M shares outstanding

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

Contact Information

  • Plexmar Resources Inc.
    Guy Bedard
    Paradox Public Relations