Canada Fluorspar Inc. Announces Grant of Stock Options

    CALGARY, May 20 /CNW/ - Canada Fluorspar Inc. (TSX-V: CFI) (the
"Company") announces today that it granted an aggregate of 3,100,000 stock
options ("Options") pursuant to its stock option plan to a total of 10
employees, officers and directors effective May 19, 2009. All stock options
were granted at an exercise price of $0.36 per share and shall vest upon the
Company commencing production at its St. Lawrence facility. Of the 3,100,000
Options granted, an aggregate of 2,700,000 Options were granted to 6 directors
(including one director who is also an officer). The stock options expire on
May 18, 2019. Directors of the Company do not receive fees for their services
and are granted Options in lieu thereof.

    "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."

    For further information on the Company please see:

For further information:

For further information: Lindsay Gorrill, President and CEO, Canada
Fluorspar Inc., Tel: (208) 667-1278

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Canada Fluorspar Inc.

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