TORONTO, ONTARIO - (April 4, 2008) - George A. Brown, President & CEO of MacMillan Gold Corp. (TSX VENTURE:MMG) announces that the board of directors of the Company granted 1,000,000 stock options today based upon today's closing price of $0.52 per share. These options are subject to regulatory approval.
The grants include 300,000 options to the three directors, 600,000 options to six officers and 100,000 options to three consultants. The options expire three years from the date of grant or approval.
Prior to the 1,000,000 stock options granted today, the outstanding options included 675,000 options exercisable at $0.30 with an expiry date of April 13, 2009, 1,690,000 options exercisable at $0.37 with an expiry date of March 30, 2010, 325,000 options exercisable at $0.51 with an expiry date of September 28, 2010, and 175,000 options exercisable at $0.60 with an expiry date of December 28, 2010. Subsequent to the issuance of these options there will be 3,865,000 stock options issued and outstanding.
The grant of these additional stock options by MacMillan Gold does not change the fully diluted shares disclosed in the April 3, 2008 Joint News Release describing the proposed Business Combination with Duran Ventures Inc.
Investors are invited to visit the MacMillan Gold Hub at www.agoracom.com/IR/MacMillan where they can post questions and receive answers or review existing questions and answers. Investors may also email questions or request to be added to the investor email list at MMG@agoracom.com
MacMillan Gold Corp. is a Canadian resource company listed on the TSX Venture Exchanges: Symbol "MMG".
The TSX Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release.
CONTACT INFORMATION:
MacMillan Gold Corp.
George A. Brown
CEO and President
(416) 867-1101
Fax: (416) 867-1222
Email: macmillangold@ca.inter.net
Website: www.macmillangold.com