Vancouver, British Columbia - February 26, 2010 – Garibaldi Resources Corp. (TSX.V: GGI) (the "Company") is pleased to announce it has retained the services of Accent Marketing GmbH ("Accent") to assist the Company to establish and maintain a corporate profile with the investment community primarily in Europe and increase awareness of the Company's listing on the Frankfurt Exchange under the symbol RQM.
Munich-based Accent Marketing is a provider of Financial Public Relations for public companies trading in the German market. Established in 2003, Accent Marketing is a pioneer in combined media and online public relations for small and mid cap public companies from Europe, North America and Australia.
Pursuant to the terms of the Agreement, Accent will be paid EUR2,500 per month for the term of the Agreement and will receive incentive stock options to acquire up to 300,000 shares in the capital of the Company at a price of $0.25 per share exercisable for a period of 18 months. The options will be subject to vesting provisions at a rate of 25% every three months from the date of grant. The Agreement is for an initial term of six months, renewable on a monthly basis thereafter and is subject to the approval of the TSX Venture Exchange.
Stock Option Grant
In conjunction with entering into the agreement with Accent, the Company announces that it has granted Incentive Stock Options on up to 300,000 shares of the Company’s capital stock, exercisable for up to eighteen (18) months, at a price of $0.25 per share, which price is not lower than the last closing price of the Company’s shares prior to this announcement, less the applicable discount. The options are granted pursuant to the Company's Stock Option Plan and will be subject to applicable regulatory vesting requirements and hold periods.
About Garibaldi Resources
Garibaldi Resources Corp. is a Canadian junior mining company utilizing the most sophisticated remote sensing technology in the world to explore for new gold silver and base metal deposits in the central and northern parts of Mexico's prolific Sierra Madre. The Company controls seven district scale projects covering more than 2,500 square kilometres of strategically located concessions close to some of the most robust gold and silver mining projects ever discovered in Mexico including El Sauzal, Mulatos and Ocampo.
GARIBALDI RESOURCES CORP.
per: "Steve Regoci"
Steve Regoci, President
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy orthe accuracy of this release.
