Pelangio Exploration Inc.

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Message: Pelangio Grants Options

Pelangio grants options for 1.46 million shares

2012-01-19 17:09 ET - News Release

Ms. Ingrid Hibbard reports

PELANGIO EXPLORATION GRANTS OPTIONS

Pelangio Exploration Inc.'s board of directors has approved the option grant to buy 1,465,000 shares to directors, officers, employees and geological consultants of the company, which options are exercisable into common shares of the company at a price of 43 cents per share. Subject to the rules of the TSX Venture Exchange and the company's stock option plan, the options have a term of five years and will expire on Jan. 18, 2017.

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