Suparna Announces Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 27, 2011) - Suparna Gold Corp. (TSX VENTURE:SUG) (the "Company") announces that it has granted stock options to acquire up to 1,250,000 common shares of the Company of which an aggregate of 1,100,000 were granted to certain directors and officers of the Company. Each of the stock options is exercisable to acquire one common share for a five year term expiring on October 27, 2016 and exercisable until that time at a price of $0.33 per common share. On October 26, 2011, the last day that the Company's common shares traded prior to the granting of the stock options, the closing trading price of the common shares on the TSX Venture Exchange was $0.33. One-third of the options vested immediately upon the date of grant with an additional one-third to vest on each of the dates that is nine months and eighteen months from the date of grant. The stock options granted to the directors or officers of the Company, and any common shares issued upon exercise thereof, are subject to a four month resale restriction from the date of grant.