Southwestern Resources Corp.

Southwestern Resources Corp.

December 12, 2007 12:07 ET

Southwestern Resources Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 12, 2007) - Southwestern Resources Corp. (TSX:SWG) ("Southwestern" or the "Company") announces that it has granted to directors, officers and other key personnel stock options to purchase an aggregate of 3,617,000 common shares, including options to purchase 2,425,000 common shares to insiders, exercisable on or before December 10, 2012 at an exercise price of $0.65 per share. The options will vest 25% six months from the date of grant, 25% 12 months from the date of grant and the remaining 50% 24 months from the date of grant.

The options have been granted pursuant to the Company's stock option plan (the "Plan") and represent almost all of the options outstanding under the Plan.

The purpose of the option grants is to encourage the retention of key personnel in a competitive market place.

About Southwestern

Southwestern is a Vancouver-based mineral exploration company engaged in the identification, acquisition, evaluation and exploration of gold, silver and base metals mineral properties. Southwestern is a reporting issuer in British Columbia, Alberta, Manitoba, and Ontario and trades on the Toronto Stock Exchange under the symbol SWG.

Contact Information

  • Southwestern Resources Corp.
    David Black
    Chair of the Board
    (604) 669-2525
    Southwestern Resources Corp.
    Timo Jauristo
    Interim President & CEO
    (604) 669-2525