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| | August 26, 2008
New Grant of Stock Options
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Toronto, Canada. August 26, 2008 - GobiMin Inc. (the "Company" or "GobiMin") announces the recent granting of incentive stock options under the Company's Stock Option Plan to its six directors and other members of the staff and management of the Company and its subsidiaries subject to regulatory approval and to the provisions of the Company's Stock Options Plan.
Six directors of GobiMin, namely Messrs. Felipe Tan, Zhang Ming, Dominic Cheng, Hubert Marleau, Jean-Charles Potvin and Qiao Fugui, are granted stock options to purchase up to 300,000, 200,000, 100,000, 100,000, 70,000, 70,000 common shares of GobiMin at an exercise price of CAD1.10 per share respectively, exercisable until August 24, 2011.
Options to acquire 362,000 common shares of the Company are also granted to the staff and management of the Company and its subsidiaries at an exercise price of CAD1.10 per share, exercisable until August 24, 2013.
For further information, please contact:
James Xiang, Chief Financial Officer, GobiMin Inc.
Tel: (416) 915-0133
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
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