TORONTO, March 20, 2013 /CNW/ - Jubilee Gold Exploration Ltd. (TSX.V:
JUB) (the "Corporation") announces that it has granted stock options
(the "Options") to purchase an aggregate of up to 1,025,000 common
shares in the capital of the Corporation at an exercise price of $0.27 per common share pursuant to the Corporation's stock option plan. The
Options were granted effective March 20, 2013 to certain directors,
officers and employees of the Corporation. The Options will vest
immediately and expire 10 years from the date of grant.
This news release contains forward-looking statements, which address
future events and conditions, which are subject to various risks and
uncertainties. The Corporation's actual results, programs and financial
position could differ materially from those anticipated in such
forward-looking statements as a result of numerous factors, some of
which may be beyond the Corporation's control. These factors include:
the availability of funds; the timing and content of work programs;
results of exploration activities and development of mineral
properties, the interpretation of drilling results and other geological
data, the uncertainties of resource and reserve estimations, receipt
and security of mineral property titles; project cost overruns or
unanticipated costs and expenses, fluctuations in metal prices;
currency fluctuations; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of
the Corportion's management on the date the statements are made. The
assumptions used in the preparation of such statements, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
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.
SOURCE: JUBILEE GOLD INC.
For further information:
Sigrid Ades, Secretary-Treasurer and CFO
Office: (416) 364-0042