May 10, 2011 (Marketwire Canada) --
TORONTO, ONTARIO -- White Pine Resources Inc. (TSX VENTURE:WPR) ("White Pine" or the "Company") announces today that it has granted an aggregate of 300,000 stock options to consultants pursuant to the Company's stock option plan (the "Plan"). The stock options have an exercise price of $0.66 per share and an expiry date of May 10, 2016. Directors and consultants of the Company have also agreed to the cancellation of an aggregate of 350,000 stock options, without the payment of any consideration therefor, in order to provide more room under the Plan for the Company to issue additional stock options.
About White Pine Resources Inc.
White Pine is a Canadian based mineral exploration company primarily focused on the exploration and development of mineral deposits in Canada.
Shares Outstanding: 28,832,659
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 RELEASE.
White Pine Resources Inc.
President and CEO
(416) 628-5911 (FAX)