Scandinavian Minerals Limited

Scandinavian Minerals Limited

March 02, 2005 10:25 ET

Scandinavian Gold Limited: Press Release


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SCANDINAVIAN GOLD LIMITED

TSX SYMBOL: SGL

MARCH 2, 2005 - 10:25 ET

Scandinavian Gold Limited: Press Release

TORONTO, ONTARIO--(CCNMatthews - March 2, 2005) - Following the Annual
General Meeting of Shareholders of Scandinavian Gold Limited (TSX:SGL)
held on Monday February 28, 2005, the directors approved the granting of
an additional 400,000 options to directors and officers under the
Company's Stock Option Plan. The options will have a 5-year term and be
priced at $0.87 each, the closing price of its common shares on February
28, 2005.

About Scandinavian Gold

Scandinavian Gold is a Canadian company exploring for precious and base
metals in Scandinavia, with emphasis on Finland. The Company is
currently developing one of Finland's largest mineral discoveries to
date, the 100%-owned Keivitsa nickel-copper-PGE project. The Company
believes that Finland offers excellent potential for large-scale
discoveries in under-explored terrain; combined with a favourable,
well-administered mining law, clear security of title and
long-established political and economic stability. Scandinavian Gold's
11.3 million common shares trade on the Toronto Stock Exchange under the
symbol SGL.

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