Union Gold Inc.
TSX VENTURE : UN

July 04, 2005 12:15 ET

Union Gold Inc.: Grant of Incentive Stock Options

TORONTO, ONTARIO--(CCNMatthews - July 4, 2005) - Union Gold Inc. (UN)(TSX VENTURE:UN) announces that pursuant to the Company's Rolling Stock Option Plan (approved by the Shareholders on June 17, 2005) the following option has been granted to the President and Director, Jeffrey J. Becker in the amount of 62,500 common shares at the exercise price of $0.30 expiring June 30, 2010. As reported previously 87,000 shares at the exercise price of $0.25 expire October 31, 2005; 75,500 shares at the exercise price of $0.25 expire June 23, 2007; 131,500 shares at the exercise price of $0.25 expire June 20, 2007, and 50,000 shares at the exercise price of $0.30 expire July 7, 2009. A total of 456,500 shares have been reserved for the granting of stock options under the Stock Option Plan. At present the issued and outstanding number of shares is 4,565,000.

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