Red Ore Gold Inc.

Red Ore Gold Inc.

February 08, 2012 09:22 ET

Red Ore Gold Inc. Announces the Granting of Incentive Stock Options

VANCOUVER, CANADA--(Marketwire - Feb. 8, 2012) -

Not for distribution to United States newswire services or for dissemination in the United States.

Red Ore Gold Inc. announces the Grant of Incentive Stock Options.

The Company has, effective January 11, 2012, granted incentive stock options to purchase an aggregate of 1,350,000 common shares without par value in the capital of the Company to certain persons who are either a director, officer, employee or consultant of the Company. These options will be exercisable for a period of 3 years expiring January 10, 2015, at a price of $0.10 per common share. Further, effective February 1, 2012, the Company has granted incentive stock options to purchase 200,000 common shares without par value in the capital of the Company to a person who is a director, officer, employee or consultant of the Company. These options will be exercisable for a period of 3 years expiring January 31, 2015, at a price of $0.10 per common share.

For further information, please go to www.redoregold.com.

The offered securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable state securities laws and may not be offered or sold in the United States or to "U.S. persons", as such term is defined in Regulation S under the U.S. Securities Act, absent such registration or an applicable exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the offered securities in any jurisdiction.

The statements in this press release may contain forward looking statements that involve a number of risks and uncertainties. Actual events or results could differ materially from RXX's expectations and projections.

Neither the 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 press release.

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