McChip Resources Inc. (TSX VENTURE:MCS) (the "Company") announces that it has
granted stock options to directors and employees of the Company to purchase up
to 400,000 common shares, in aggregate ("Common Shares") in the capital of the
Company at an exercise price of $2.20 per Common Share, the closing price of the
Common Shares on August 31, 2011, expiring on August 31, 2016. The current
number of issued and outstanding Common Shares is approximately 5,660,096. The
options were granted pursuant to the Company's incentive stock option plan (the
"Plan"), under which a maximum of 560,000 Common Shares are reserved for
issuance. Following the grant of such options, a further 160,000 Common Shares
will be available for issuance under the Plan.


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