Estrella Gold Corporation (CSRFF)

[chmcnfunds]

NEWS OUT TODAY:
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Estrella Gold Corporation

TSX VENTURE: EST

Aug 12, 2010 09:00 ET
Estrella Gold Grants Stock Options
TORONTO, ONTARIO--(Marketwire - Aug. 12, 2010) - Estrella Gold Corporation (TSX VENTURE:EST) (the "Company") announces the granting of 180,000 incentive stock options on August 11, 2010. Of the 180,000 stock options awarded, 95,000 were granted as performance incentives to one new director, two current directors and one officer of the Company. The remaining 85,000 stock options were awarded to the Company's staff and consultants working in Peru.
The stock options have an exercise price of $0.60 per share, which is above the recent trading price. These stock options vest immediately and expire on August 11, 2013. All options granted and any common shares issued upon the exercise of the options will be subject to a statutory four-month hold period expiring December 12, 2010. The granting of the options is subject to regulatory approval.
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a precious metals exploration and development company focused on strategically-located properties in Latin America. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company's shares are listed on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE 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.
For more information, please contact
Estrella Gold Corporation
Keith Laskowski, MSc.
President
Direct Tel: [phone] or [phone]
[phone] (FAX)
[e-mail]
www.estrellagold.com
or
Investor Contact: First Canadian Capital
Dan Boase
Partner
[phone] x 232
[phone] (FAX)
[e-mail]
www.firstcanadiancapital.com
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http://www.marketwire.com/press-release/Estrella-Gold-Grants-Stock-Options-TSX-VENTURE-EST-1303826.htm