Avatar Ventures Corp (ATAR)

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Avatar Ventures Corp Approves Stock Option and Incentive Plan

Carson City, NV -- (ReleaseWire) -- 05/31/2016 -- Avatar Ventures Corp. (OTCPINK:ATAR) Avatar Ventures Corp. (AVATAR) wishes to announce that the Board of Directors has approved a Stock Option and Incentives Plan. (PLAN)

On May 24th, 2016 The Board of Directors of AVATAR and majority shareholders agreed to the PLAN. The PLAN has allocated 15,000,000 shares of AVATAR for the purpose of offering incentives for management and other key personal. The PLAN will effectively expire on May 24, 2021.

The Board of Directors has initially approved options for Edward Minnema and Michael Morrison, Directors, the amount of 3,000,000 shares each (6,000,000 shares total). The terms are as follows:

- Each receives 1,500,000 options entitling the recipient an exercise at the price of $0.03, expiring in 12 months, effective date May 24, 2016.

- Each also receives 1,500,000 options entitling the recipient an exercise at the price of $0.10, expiring in 24 months, effective date May 24, 2016.

About AVATAR
AVATAR is a company which has an agreement in place with AutoArt Color Solutions of Oakville, Ontario, Canada, and has been developing and testing unique t-shirt and other garment products for sale in the multi-billion dollar garment industry. AVATAR has the right to use, promote, distribute and sell products developed by AutoART in the Caribbean and sell Avatar's own products worldwide. Avatar is also looking into other areas to generate sales such with art, sports, music and other merchandising opportunities.

CONTACT INFO:

Ed Minnema Phone: [phone]
Email: [e-mail] for corporate inquiries
[e-mail] for product inquiries
Website www.avatarvcorp.com
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