January 11, 2010
Grant of Stock Options
- Tsodilo Resources Limited ("Tsodilo") (TSX Venture Exchange: TSD) reports that in terms of the Stock Option Plan of the Company and a policy adopted by the board of directors in September 2002, 190,000 stock options were granted to officers and senior employees on January 11, 2009 at CDN $1.00 per common share. These options are valid for five years and vest in four equal installments on January 11, 2010, July 11, 2010, January 11, 2011 and July 11, 2011.
Tsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic kimberlites and metal deposits at its Newdico (Pty) Limited ("Newdico') and Gcwihaba Resources (Pty) Limited ("Gcwihaba") projects in northwest Botswana. The Company has an 95% stake in Newdico (9,400 square kilometers under diamond license) while Trans Hex Group, a South African diamond mining and marketing company, holds the remaining 5%. The southern and northern Gcwihaba project area (6,856 square kilometers under diamond license and 13,400 square kilometers under base and precious metals licenses) is 100% held by the Company. Tsodilo manages the exploration of both the Newdico and Gcwihaba license areas. The Company has offices in Toronto, Canada and Gaborone and Maun, Botswana. Please visit the Company's website, www.TsodiloResources.com, for additional information and background on our projects.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control, which may cause actual results or performance to differ materially from those currently anticipated in such statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
James M. Bruchs - President and Chief Executive Officer
|Head Office:|| ||Telephone +1 416 572 - 2033|
Facsimile + 1 416 987 - 4369