Shane Resources Ltd. Announces Grant of Stock Options

SASKATOON, Saskatchewan, Feb. 1 /CNW/ - (SEI - TSX Venture) Shane Resources Ltd. ("Shane Resources") announces that it has granted an aggregate of 1,300,000 stock options to purchase common shares (the "Options") to directors and officers of Shane Resources. The Options have an exercise price of $0.11 per common share and are exercisable for a period of ten years expiring on January 15, 2020 in accordance with Shane Resources' stock option plan as approved by shareholders at the annual general and special meeting held in December 2, 2009. All of the Options vest immediately.

For more information please visit our website at www.shaneresources.com.

    
    ON BEHALF OF THE BOARD

    "Kyle Kozuska"

    Kyle Kozuska
    President
    

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

%SEDAR: 00004138E

SOURCE SHANE RESOURCES LTD.

For further information: For further information: Shane Resources Ltd., Kyle Kozuska, (306) 664-3828, Facsimile: (306) 244-0042, www.shaneresources.com, info@shaneresources.com

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SHANE RESOURCES LTD.

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