Search Minerals Inc. Grants Stock Options
VANCOUVER, BRITISH COLUMBIA—(June 22, 2010) - Search Minerals Inc. (TSX VENTURE:SMY) (“Search” or “the Company”) announces that it has granted incentive stock options to certain directors, officers and consultants of the Company for the purchase of 600,000 common shares of the Company for a period of five years at a price of $0.47 per share. These options have been granted pursuant to the Company’s Stock Option Plan.
About Search Minerals Inc.
Search Minerals Inc (TSX VENTURE:SMY) has a strong and dedicated management team with outstanding capabilities in separate but related mining activities, any of which has the potential to generate significant shareholder value. Search’s mineral exploration team is led by Vice President Exploration Dr. Randy Miller, one of the world’s foremost rare earth geologists. Dr. Miller is responsible for directing the current exploration programs on Search’s large land position in Labrador.Search also has a technology arm headed up by Dr. David Dreisinger, Chair of Hydrometallurgy at the University of British Columbia in Vancouver, Canada and a consultant to several major international mining companies. Search’s business strategy is to fund ideas or concepts in the mineral exploration or metallurgical fields that have low initial costs and create opportunities that would be attractive to an incoming partner. The incoming partner would be expected to fund the next phase of exploration or technology development.
This news release contains forward-looking statements that are not historical facts. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include those risks set out in Search’s public documents filed on SEDAR at www.sedar.com. Although Search believes that the assumptions and factors used in preparing the forward- looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by law, Search disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility of the adequacy or accuracy of this release.