SOURCE: Vangold Resources Ltd.

March 13, 2008 19:05 ET

Vangold Grants Stock Options

VANCOUVER, BC--(Marketwire - March 13, 2008) - Vangold Resources Ltd. (TSX-V: VAN) ("Vangold") announces that pursuant to the Company's 2007 Amended Stock Option Plan as approved by the shareholders at the 2007 Annual General Meeting, the Board has approved the issuance of 4,250,000 incentive stock options to directors, officers and consultants of Vangold. The options to the directors and officers are exercisable for five years at a price of $0.50 and the options to the consultants, also at a price of $0.50, are exercisable for a period of three years. In keeping with the policies of the TSX Venture Exchange and the Stock Option Plan, these options shall vest equally over a period of 18 months.

To find out more about Vangold Resources Ltd. please visit our website at www.vangold.ca or contact Dal Brynelsen at 604-684-1974 or by email brynelsen@vangold.ca.

On Behalf of the Board of

VANGOLD RESOURCES LTD.

"Dal Brynelsen"
Dal Brynelsen, President and CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • VANGOLD RESOURCES LTD.
    Suite 1730, 650 West Georgia Street
    P.O. Box 11622
    Vancouver, BC
    Canada, V6B 4N9
    Phone: 604-684-1974
    Fax: 604-685-5970
    www.vangold.ca