October 11, 2012
Savary Gold Corp. (TSX-V: SCA) announces that it has granted a total of 1,925,000 stock options to its officers, directors and certain consultants. The stock options vest immediately and may be exercised at a price of $0.29 per option for a period of five years from the date hereof. This grant of options is subject to the approval of the TSX Venture Exchange.
About Savary Gold
Savary Gold is a Canadian company with a tight capital structure that is focussed on exploring the South Houndé Gold Property in Burkina Faso. The property is in the Birimian Greenstone Belt, which hosts a number of operating gold mines (including Semafo’s Mana mine) and additional gold deposits that are presently subject to extensive exploration efforts (including Avion’s North Houndé Project and Sarama’s South Houndé Project, which is adjacent to Savary Gold’s property).
SAVARY GOLD CORP.
On behalf of the Board
Chief Executive Officer
For more information, please contact:
Konstantine Tsakumis, Investor Relations
T: 604-681-8030 x232
Neither 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 release.
This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.