VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/08/12 -- Fortunate Sun Mining Company Ltd. (TSX VENTURE: FSM) announces that pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers and consultants to purchase in the total of 1,725,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of five years, at a price of $0.20 per share.
Fortunate Sun Mining Company Ltd. is a junior mining exploration company with early stage precious metals exploration projects in Mexico and British Columbia. Fortunate Sun's principal property is the Golconda property consisting of two mineral concessions (6,410 hectares) located in the state of Sonora, Mexico.
On behalf of the Board of Directors,
Reg Advocaat, President and CEO
This news release may contain forward looking statements including but not limited to, information regarding geological interpretations, resources, potential timing and content of exploration programs, production schedules and projections, receipt of permits, company financings etc. Forward looking statements refer to events and conditions which have not yet taken place and therefore involve inherent risks and uncertainties. Actual results may differ materially from those anticipated in these statements. Fortunate Sun relies on litigation protection for forward looking statements.
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.
Fortunate Sun Mining Company Ltd.
President and CEO