Portage Minerals Inc.

Portage Minerals Inc.

December 15, 2010 13:20 ET

Portage Grants Stock Options

TORONTO, ONTARIO--(Marketwire - Dec. 15, 2010) - Portage Minerals Inc. (CNSX:RKX) (the "Company") announces that it has granted an aggregate of 4,450,000 options to purchase common shares of the Company exercisable at a price of $0.15 per share and expiring on December 10, 2015, to certain directors, officers, employees and consultants of the Company. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.

The Company is a mineral exploration corporation exploring for gold in Eastern Canada. Further information about the Company can be accessed on the Company's website at www.portagemineralsinc.com and on the SEDAR website at www.sedar.com. The common shares of Portage trade on the Canadian National Stock Exchange ("CNSX") as a mining issuer under the trading symbol "RKX".

To receive Company updates via email contact nadine@chfir.com and mention "Portage news" on the subject line.

Shares Outstanding: 124,476,705

The Canadian National Stock Exchange has not approved and does not accept responsibility for the adequacy or accuracy of this press release.

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