Miocene Metals Announces Stock Option Grants

    




 TORONTO, April 5, 2012 /CNW/ - Miocene Metals Limited  (the "Company" or "Miocene Metals") announces that during March 2012 the Company effected its annual grant  of stock options pursuant to its Stock Option Plan.  Particulars of  those stock option grants are as follows: 

  





    Name             Position             Number of Stock Options

    Bruce Jago       Director and Officer 300,000

    Alar Soever      Director and Officer 375,000

    Parviz Farsangi  Director             250,000

    Darryl Sittler   Director             200,000

    Tom Hussey       Director             300,000

    James J. Jackson Director             200,000

    Mary Montgomery  Officer              200,000

    Joey Garcia      Officer              200,000

    Miranda Berukoff Officer              150,000

    Others                -               665,000






  

 The stock options are exercisable for common shares in the capital of  the Company at $0.125 per share and expire five years from the date of  grant.  The stock options will vest over two years as follows: half of  each stock option grant will vest one year from the date of grant and  the remainder will vest two years from the date of grant.  The total  number of shares reserved and available for issuance pursuant to the  Company's Stock Option Plan is 10% of the issued common shares.  Total  issued and outstanding common shares in the capital of the Company at  the date hereof is 66,946,862.  To date an aggregate of 5,590,000 stock  options have been granted pursuant to the Stock Option Plan. 

 The closing price of the Company's common shares on the TSX Venture  Exchange ("TSXV") over the past 20 trading days has ranged from a high  of $0.125 to a low of $0.105. 

 About Miocene Metals Limited 

 Miocene Metals is focused on the exploration and development of seven  porphyry copper-gold-molybdenum properties in south-western British  Columbia that occur within the Tertiary-aged Cascade Magmatic Arc. The  Cascade Arc shares many geological characteristics with Tertiary-age  porphyry belts that stretch the length of Chile and Peru in South  America and hosts some of the world's largest porphyry  copper-gold-molybdenum deposits. The Cascade Magmatic Arc hosts a  number of significant porphyry Cu-Au and Mo deposits in Washington  State, and Alaska (Glacier Peak and Margaret, and Quartz Hill  respectively) but remains largely unexplored in British Columbia. 

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

  


   

   

Miocene Metals Limited


CONTACT:  Please visit the Miocene Metal's website atwww.miocenemetals.com, orcontact:Bruce C. Jago, Ph.D., P.GeoPresident and CEO of Miocene Metals(604) 654-2581 [e-mail] Miranda BerukoffVice-President Investor Relations(604) 654-2585 [e-mail] 


    

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