Tigray Resources Grants Stock Options

 

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 20, 2013) - Tigray Resources Inc. (TSX VENTURE:TIG) ("Tigray" or the "Company") has granted an aggregate of 4 million stock options to certain directors, officers, employees and consultants pursuant to the Company's Stock Option Plan. The options have an exercise price of $0.105 per share and an expiry date of August 19, 2018.

About Tigray

Tigray is a Canadian mineral exploration company focused on discovery through advancing early-stage mineral projects in Ethiopia. Tigray's key property is the 70%-owned Harvest polymetallic VMS exploration project, which covers 199 square kilometres in the Tigray region of Ethiopia, 600 kilometres north‐northwest of the capital city of Addis Ababa. The Company has an option to earn an 80% interest in the Adyabo property covering 467 square kilometres immediately west of the Harvest project. Tigray's shares trade on the TSX Venture Exchange under the symbol TIG.

Additional information about Tigray can be viewed at the Company's website at www.tigray.ca.

On behalf of the Board of Directors:

Andrew Lee Smith, P.Geo., President, CEO and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.



Tigray Resources Inc.
Nick Watters
Business Development
604-488-0822
nwatters@tigray.ca
www.tigray.ca