| Mr. Alan Matthews, President of Kernow Resources & Developments Ltd., is pleased to
announce that Kernow has granted incentive stock options to purchase a total of 200,000
common shares at a price of $0.18 per share for a period of five years.
About Kernow
Kernow is a mineral exploration company based in Porto, Portugal, with a portfolio of
prospective gold and base metal projects in Portugal. It has a 100% interest in the Boticas gold
property, a 100% interest in the Alto Sobrido gold and antimony property (in which Global
Minerals Ltd. is earning a 50% interest) and a 49% interest in the Jales-Gralheira gold property.
Under Option Agreements with Rio Narcea Gold Mines Ltd., Kernow had the right to earn an
initial 60% in two prospective gold and copper properties (Alandroal and Barrancos). It has
recently informed Rio Narcea Gold Mines Ltd. that it will not proceed with the option to earn an
interest in the Barrancos property.
Kernow plans to initiate drilling programs on both the Boticas and Alto Sobrido properties in the
near future. Prospecting and target definition work is proceeding on the Alandroal property. |
