Masuparia Gold Corporation (TSX.V: MAS) ("Masuparia" or the "Company") is pleased to report the appointment of Walter Coles Jr. as a director of the Company, subject to regulatory approval. The Company also has granted, subject to TSX Venture Exchange approval, 475,000 incentive stock options to directors. The options are set for a period of 5 years, expiring on February 8, 2018, and will allow the holder to purchase a common share in the Company at a price of $0.19 per share. Any shares issued on the exercise of these stock options will be subject to a four month hold period from date of grant.
Appointment of Joint Venture Supervisory Committee
In expectation of activity in the early phase of the LRSG JV with Golden Band Resources, the Company wishes to announce the appointment of the following directors to serve on the Joint Venture supervisory committee regarding the operation of Greywacke bulk sampling activity, Robert Matthews, Bill James and Walter Coles Jr.
About Masuparia Gold
Masuparia Gold Corporation is a Canadian mineral exploration company focused on grassroots exploration projects with world class potential. Masuparia currently is the Operator of a joint venture (LRSG JV) in the La Ronge Gold Belt of Saskatchewan with Golden Band Resources on three properties: Greywacke Lake, Preview Lake and North Lake. The Company believes the Greywacke Lake gold project to be an excellent regional exploration opportunity within the large 5,786 hectare project area. The Greywacke North deposit is at an advanced stage with several known high-grade gold-bearing zones and a NI 43-101 compliant resource of 184,000 tonnes at 8.4 g/t Au plus an Inferred Resource of 58,000 tonnes at 7.29 g/t Au (at a cut-off of 5 g/t Au) (NI 43-101, Wardrop 2008).
On Behalf of the Board of Directors
Masuparia Gold Corporation
Ron Netolitzky, President & CEO