Ely Gold & Minerals Inc. (the "Company") announces that the Board of
Directors have granted, under its Stock Option Plan, incentive stock
options to directors of the Company to purchase 1,500,000 common shares
of the Company, subject to regulatory approval. The options vest
immediately and expire on September 22, 2021 at an exercise price of
$0.20 per share.
About Ely Gold
Ely Gold is focused on the acquisition and development of gold resources
in North America. The Company is currently working toward production
from the Centennial Gold Deposit, a project located on the Company's
100% owned Mount Hamilton property. More recently, Ely Gold has entered
into a series of transactions to acquire a portfolio of assets in the
Abitibi Gold Camp in Quebec. Ely Gold is traded on the TSX Venture
Exchange ("ELY"). Additional information about Ely Gold is available
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but
not limited to comments regarding the timing and content of upcoming
work programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore, involve inherent
risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.