Silvermet Inc.

Silvermet Inc.

June 12, 2007 14:54 ET

Silvermet Inc. Grants Stock Options

TORONTO, ONTARIO--(Marketwire - June 12, 2007) - Silvermet Inc., ("Silvermet") (TSX VENTURE:SYI) is pleased to announce that, in accordance with Silvermet's stock option plan, it has granted to certain of its directors, officers, employees and consultants incentive stock options to purchase up to an aggregate of 1,470,000 common shares exercisable for a period of 5 years from the date of issuance, being May 31, 2007, at a price of $0.50 per share.

There are currently 69,265,519 common shares of Silvermet issued and outstanding.

Silvermet Inc. (TSX VENTURE:SYI) is an exploration and development company focused on exploring its nickel-copper-platinum group metals project located in Nunavut, Canada and its zinc-lead-silver project in Turkey. Silvermet Inc. has the right to earn a 70% interest in each of these projects. In addition, Silvermet Inc. is focusing on establishing Waelz kiln facilities in Turkey to produce zinc metal from a number of sources.

Caution concerning forward-looking statements: The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, political instability, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raised additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events except as may be required under applicable securities laws. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

The TSX Venture Exchange has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Silvermet Inc.
    Clifford H. Frame
    (416) 203-8336
    (416) 203-9483 (FAX)
    Silvermet Inc.
    Stephen G. Roman
    President and CEO
    (416) 368-3949