CMQ Announces Grant of Stock Options



    
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/
    

    CALGARY, Feb. 12 /CNW/ - CMQ Resources Inc. (NV:TSXV) announces that
pursuant to the terms and conditions of its Stock Option Plan, the board of
directors has authorized the issuance of 188,000 incentive stock options (the
"Options"), to certain directors, and officers of the company. The Options
will vest one third on each anniversary date, will expire in May 2012 and are
exercisable at $0.11 per share (the most recent closing price of the
underlying common shares). The issuance of options is subject to the approval
of the TSX Venture Exchange.
    Including the Options, CMQ now has a total of 653,400 options outstanding
which, with the exception of the Options, all have exercises prices greater
than $3.50. CMQ has 6,534,670 shares outstanding and accordingly the
outstanding options represent approximately 10% of the number of outstanding
shares. The company does not have any further dilutive instruments outstanding
at the date hereof.

    %SEDAR: 00008560E




For further information:

For further information: John Hogg, Chief Executive Officer, CMQ
Resources Inc., Tel: (403) 294-0101, E-mail info@cmqresources.com

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CMQ Resources Inc.

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