White Pine Resources Inc.

White Pine Resources Inc.

February 17, 2009 14:44 ET

White Pine Resources Inc. Announces Grant of Options

TORONTO, ONTARIO--(Marketwire - Feb. 17, 2009) - White Pine Resources Inc. (TSX VENTURE:WPR) (the 'Corporation') announces that it has granted options to purchase up to an aggregate of 885,000 common shares of the Corporation to its directors, officers and consultants. The options are exercisable at the price of $0.35 per share and will expire on February 17, 2014. All options are granted in accordance with the Corporation's stock option plan and are subject to regulatory approval.

Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of White Pine, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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

Contact Information

  • White Pine Resources Inc.
    John Tait
    Chief Executive Officer
    (416) 628-5905