CONCORD, ONTARIO--(Marketwire - Oct. 17, 2011) - Tawsho Mining Inc. (TSX VENTURE:TAW) ("Tawsho" or the "Corporation") announces that it has granted a stock option today to acquire up to 5,000 common shares to a key employee of the Corporation. The options shall vest one year from the date of grant and are exercisable at any time until the close of business on October 17, 2016. The exercise price of the options is $0.33 per share based on the last closing price on the TSX Venture Exchange (October 14, 2011) of $0.33.
The granting of these options is subject to the approval of the TSX Venture Exchange. Including this grant of options, there are currently options to acquire a total of 1,850,000 common shares outstanding pursuant to Tawsho's stock option plan.
About Tawsho Mining Inc.
Tawsho is a mining exploration company focused on the acquisition, exploration and development of gold resources and advanced stage gold exploration projects. The Corporation is presently developing its Chevrier project (comprised of 557 claims, covering an area of 9542 hectares, or 95.4 sq. km) in the Chibougamau region of Quebec and its Whisker Valley project (comprised of 913 claims, covering an area of 21,875 hectares, or 218.8 sq. km) in Baie Verte, Newfoundland. Tawsho currently has 22,812,249 common shares outstanding.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as a term that is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.