MONTREAL, QUEBEC-(Sept. 2, 2008) - Freewest Resources Canada Inc.(TSX VENTURE:FWR) announces that its Board of Directors has today granted stock options to seven directors and officers in respect of an aggregate of 1,200,000 common shares. The options were granted under Freewest's 1997 Stock Option Plan.
The exercise price of the options is $0.30 per share. The closing price of Freewest's common shares on the TSX Venture Exchange on August 29, 2008, the last trading day prior to today, was $0.28. The options expire in five years. The new options replace options which recently expired in respect of an aggregate 1,105,000 common shares.
Freewest is a well-financed mineral exploration corporation exploring for gold and base-metals within eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
CONTACT INFORMATION:
Freewest Resources Canada Inc.
Mackenzie I. Watson
President and CEO
(514) 878-3551 or Toll Free 1-888-878-3551
Fax: (514) 878-4427
Email: info@freewest.com
Website: www.freewest.com
