Tapango announces stock option re pricing


    VANCOUVER, July 2 /CNW/ - Tapango Resources Ltd. (the "Company") reports
that pursuant to the Company's Stock Option Plan, a total of 1,500,000 stock
options granted to insiders and consultants have been re priced to $0.40 per
share. All other original terms pertaining to the option agreements will
remain unchanged.
    1,000,000 of the options are issued to insiders of the company and will
be subject to disinterested shareholder approval. This shareholder approval
will take place at the upcoming Annual and Special General Meeting taking
place in September 2008.

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

For further information:

For further information: Geir Liland, President, Tel: (604) 619-7617

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Tapango Resources Ltd.

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