VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 10, 2011) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Newstrike Capital Inc. (TSX VENTURE:NES) ("Newstrike" or the "Company") - www.newstrike.com - wishes to announce that it has granted an aggregate of 1,150,000 stock options pursuant to its Stock Option Plan. Each option will entitle the holder to purchase one common share of the Company at an exercise price of $2.80 for a period of ten years from this date. Of the total amount, 830,000 options were granted to directors and officers of the Company, with the remaining balance going to employees and consultants.
The grant is subject to regulatory approvals, and any securities issued pursuant to the exercise of these options will be restricted from trading for a period of four months from this date as required by TSX Venture Exchange Policies and securities legislation.
About Newstrike (TSX VENTURE:NES)
Newstrike Capital Inc. is a gold-silver focused explorer, targeting known and historic mining districts in Mexico. Current management and directors co-discovered Goldcorp's and Teck's significant discoveries in Guerrero Gold Belt in Guerrero State, currently in advanced stages of exploration and production.
Newstrike holds a 100% interest in certain exploration properties in Mexico located within two established mining districts; the Au (Ag-Cu) skarn-porphyry camp of the Guerrero Gold Belt, and the polymetallic Pb-Zn-Ag (Au-Cu) rich epithermal camp of the mining districts of Oaxaca State.Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the adequacy or accuracy of, this release.