Coniagas Resources Limited announces grant of stock options

    TORONTO, Feb. 17 /CNW/ - Coniagas Resources Limited ("Coniagas" or the
"Company") (TSX-V: "CNY") wishes to announce that it has granted an aggregate
of 400,000 options to purchase common shares of the Company exercisable at a
price of $0.40 per share for a period of two years, to directors and officers
of the Company. The common shares issuable upon exercise of the options are
subject to a four month hold period from the original date of grant.

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

For further information:

For further information: Maurice Colson, (416) 597-0969, Email:

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