Pacific Ridge Exploration: Grants Incentive Stock Options

13.05.2011  |  Marketwired

VANCOUVER, 05/12/11 - Pacific Ridge Exploration Ltd. (TSX VENTURE: PEX) (the 'Company') reported that it has granted incentive stock options under its 10% rolling stock option plan to officers and consultants of the Company to purchase a total of 45,000 common shares at $0.30 per share exercisable until May 12, 2016. The options vest as to 50% on the date of grant and 50% in one year, subject to the terms and conditions of the Company's stock option plan. The options are subject to acceptance for filing by the TSX Venture Exchange.


On behalf of the Board of Directors,

John S. Brock
President, Pacific Ridge Exploration Ltd.



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 for the adequacy or accuracy of this release.



Contacts:

Pacific Ridge Exploration Ltd.
Corporate Information
John S. Brock, President and CEO
(604) 687-4951
(604) 688-4670 (FAX
www.pacificridgeexploration.com

G2 Consultants
Investor Relations Inquiries
(604) 742-9990 or Toll Free: 1 866 742-9990
info@g2consultants.com