Spanish Mountain Gold Announces Grant of Options

- August 26th, 2010

Spanish Mountain Gold Ltd. (CVE:SPA) announced the grant of options to acquire an aggregate of 600,000 common shares of the Company to two directors of the Company, in each case at an exercise price of $0.45 until August 23, 2015.

Spanish Mountain Gold Ltd. (TSXV:SPA) announced the grant of options to acquire an aggregate of 600,000 common shares of the Company to two directors of the Company, in each case at an exercise price of $0.45 until August 23, 2015.

The press release is quoted as saying:

Spanish Mountain Gold Ltd. is focused on advancing its flagship Spanish Mountain gold project in central southern British Columbia. The Company has a current cash position of $4 million and has applied for Mineral Exploration Tax Credit refund from the Province of British Columbia totaling $1.9 million.

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