VANCOUVER,
Feb. 16, 2012 /PRNewswire/ - Guyana
Frontier Mining Corp. ("Guyana
Frontier") is pleased to announce, subject to regulatory approval,
the issuance of an aggregate of 2,475,000 incentive stock options
to directors, officers, consultants, and employees of the Company.
Each option is exercisable to acquire one common share of the
Company at an exercise price of $0.12
per share for a period of 3 years, expiring February 16, 2015.
About Guyana Frontier
Guyana Frontier is a public mineral exploration
company listed on the TSX Venture Exchange (TSX-V: GYG), and is
focused on the exploration, discovery and development of precious
metals deposits located within Guyana, South
America. Guyana Frontier began acquiring interests in
Guyanese exploration properties in 2007, and now holds various
rights to obtain working interests in approximately 342,000 acres
(138,400 hectares) of prospective lands. Guyana Frontier's main
exploration asset is the Marudi Mountain Gold Project, which was
the subject of extensive historical exploration, and is currently
the focus of a diamond drilling program. Guyana Frontier's goal is
to develop a significant gold resource at the Marudi Mountain Gold
Project, and to explore its other Guyanese projects using funding
from exploration partners.
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.
Forward-Looking Statements
This news release contains forward-looking
statements that are based on Guyana Frontier's current expectations
and estimates. Forward-looking statements are frequently
characterized by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate", "suggest",
"indicate" and other similar words or statements that certain
events or conditions "may" or "will" occur . Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that could cause actual events or results to differ
materially from estimated or anticipated events or results implied
or expressed in such forward-looking statements. Any
forward-looking statement speaks only as of the date on which it is
made and, except as may be required by applicable securities laws,
Guyana Frontier disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise. Forward-looking statements
are not guarantees of future performance and accordingly undue
reliance should not be put on such statements due to the inherent
uncertainty therein.
SOURCE Guyana Frontier Mining Corp.