KFG Resources Announces Stock Option Grants



    ("KFG" - TSX-V)

    NATCHEZ, MS, Oct. 22 /CNW/ - KFG Resources Ltd. (the "Company" or "KFG"),
an independent emerging North American natural gas exploration and production
company, is pleased to announce grants of stock options.
    Options have been granted as follows:

    
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                                                              No. of Optioned
    Name                 Position                             Shares
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    Robert A. Kadane     President, Chief Executive Officer,   1,000,000
                         Chief Financial Officer, Treasurer
    -------------------------------------------------------------------------
    Stephen Guido        Vice-President Operations,            1,000,000
                         Chief Operating Officer
    -------------------------------------------------------------------------
    James F. Gilbert     Vice-President, Secretary             150,000
    -------------------------------------------------------------------------
    Michael P. Raftery   Director                              150,000
    -------------------------------------------------------------------------
    Keith N. Pople       Director                              150,000
    -------------------------------------------------------------------------
    Patsy Brown          Assistant Secretary                   150,000
    -------------------------------------------------------------------------
    Sarah Graves         Employee                              150,000
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    

    Each option shall be exercisable for one KFG common share. The exercise
price for the options shall be $0.10 per Share, and shall vest immediately,
subject to a four month hold period consistent with the requirements of the
TSX Venture Exchange. The options shall expire on October 14, 2013.
    The options are issued under the terms of the KFG stock option plan (the
"Plan"). The Plan was adopted by shareholders on September 24, 2004 and
amended at the Annual General Meeting of the shareholders of the Company on
September 12, 2008. The plan reserves for issuance 4,200,000 common shares of
the Company, being just under 10% of the issued and outstanding shares of the
Company presently outstanding.

    
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    





For further information:

For further information: KFG Resources Ltd., 118 Lower Woodville Road,
Natchez, Mississippi, 39120, Phone: (303) 825-7080, Robert A. Kadane,
President


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