Prominex Resource Corp.
TSX VENTURE : PXR

Prominex Resource Corp.

December 12, 2007 09:25 ET

Prominex Resource Corp.: Grant of Options and Board Additions

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 12, 2007) - Prominex Resource Corp. (TSX VENTURE:PXR) (Prominex) announced today that it has granted Incentive Stock Options on November 9, 2007 in the aggregate of 680,000 shares at a price of $0.10 per share exercisable on or before November 9, 2010, it also announced that it has granted Incentive Stock Options on November 20, 2007 in the aggregate of 600,000 shares at a price of $0.11 per share exercisable on or before November 20, 2010. The options are non-transferable. Any shares issued to executives, employees, and "associated consultants" (as that term is defined in B.C. Instrument 45-105) pursuant to the exercise of options held by them will be subject to a four month hold period commencing on the date of the grant of the options.

These options are being granted under the Company's 2005 Incentive Stock Option Plan as approved by the Shareholders on October 27, 2005 and by the TSX-Venture Exchange on September 27, 2005 (the "Plan"). The company has implemented a rolling stock option plan whereby a maximum of 10% of the issued shares (November 20, 2007-28,985,892).

Prominex also announced today that Harold Wareham and James P. O'Reilly were newly elected members of the Board of Directors at the annual general meeting held on November 14, 2007. At a meeting of the Board of Directors following the annual general meeting, Mr. Wareham was elected Chairman of the Board.

ON BEHALF OF THE BOARD OF DIRECTORS:

Lorne King, President and CEO

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

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