TORONTO, ONTARIO--(Marketwire - Feb. 3, 2009) - Midlands Minerals Corporation (TSX VENTURE:MEX)("Midlands" or the "Company") announces granting of options in accordance with the TSX Venture Exchange policies and consistent with the Company's Stock Option Plan as approved by the shareholders of the Company on June 25, 2008.
1,280,290 options, valid for a period of sixty (60) months, with an expiry date of February 2 2014, have been granted to consultants, employees and directors of the Company. The options are exercisable at the price of $0.40 per share.
ABOUT MIDLANDS MINERALS
Midlands is a growth oriented and value based gold exploration company operating in Ghana and Tanzania, two stable countries with a history of gold mining. Midland's top priority project is the fully permitted Sian gold project in Ghana. The Sian property contains Esaase and Ampeha, two previously producing open pit mines with a resource with exceptional growth potential. Midlands' contiguous Kwahu Praso project, which was once part of Sian, contains extensions of the Esaase and Ampeha trends. Sian and Praso are just 30 kilometers northeast of Newmont Mining's +8.7 million Akyem gold deposit.
The Company has a highly qualified management and technical team with extensive experience in the countries in which the Company operates. For more information on the Company, please visit Midlands' Web Site at www.midlandsminerals.com.
On behalf of the Board
Kim Harris, President and Chief Executive Officer |
