Stock Options Granted
April 2, 2004
Vancouver, Canada --- Jinshan Gold Mines (formerly Pacific Minerals) announced today that the company has granted stock options to its directors, officers and employees entitling them to purchase, in aggregate, up to 545,000 shares over a five-year term expiring March 30, 2009. The exercise price of the stock options is $2.00 per share.
The options were issued in accordance with the company's stock option plan approved by shareholders on March 5, 2004. Pursuant to the plan, the options will vest 20% immediately and 20% each year thereafter until fully vested.
Jinshan Gold Mines is a Canadian company focused on the exploration and development of precious and base metals (gold, copper and platinum group metals) in the People's Republic of China and Mongolia. The company has two advanced projects in China which are proceeding through scoping studies --- the JBS Platinum & Palladium Project in Yunnan Province and the 217 Gold Project in the Inner Mongolia Autonomous Region.
Investors: Bill Trenaman/ Media: Bob Williamson: +1.604.688.5755
Email: [email protected] Website: www.jinshanmines.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
