Svit Gold announces stock option grant and re-pricing



    TSXV: SDP

    VANCOUVER, Jan. 9 /CNW/ - Svit Gold Corp. (the "Company") reports that
pursuant to the Company's Stock Option Plan, a total 1,265,000 stock options
have been granted to directors, officers and a Charitable Organization at an
exercise price of $0.10 per share for a period of ten years subject to
regulatory approval.
    The Company has also re-priced 4,550,000 of its existing stock options to
$0.10 per share. All other original terms pertaining to the option agreements
will remain unchanged. 2,500,000 of the aforementioned options are issued to
an insider and will be subject to disinterested shareholder approval.

    
    ON BEHALF OF THE BOARD OF SVITGOLD

    "Cary Pinkowski"

    Cary Pinkowski, President & Chief Executive Officer


    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the content of this news
    release.
    





For further information:

For further information: Cary Pinkowski, Tel: (604) 694-1600,
www.svitgold.com

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SVIT GOLD CORP.

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