Grande Portage Awards Incentive Stock Options

VANCOUVER, Aug. 23 /CNW/ - Grande Portage Resources Ltd. (TSX-V GPG) ("Grande Portage" or "the Company") is pleased to announce that is has granted incentive stock options to various directors and consultants to purchase up to 375,000 common shares at an exercise price of $0.20 per share for a period of 5 years from date of grant.

    
    ON BEHALF OF THE BOARD OF DIRECTORS

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    Ian Klassen, President
    

Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

SOURCE Grande Portage Resources Ltd.

For further information: For further information: Mr. Ian Klassen, Phone: (604) 899-0106, Email: ian@grandeportage.com, Website: www.grandeportage.com

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Grande Portage Resources Ltd.

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