Agoracom: Small Cap Investment - Mill City Gold - Mill City Gold Corp. - Amendment to stock option plan and grant of incentive sto

Mill City Gold Corp

Exploration stage resource company - McFaulds Lake, On & Nevada

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Have a great Sunday, especially those of you like me that are celebrating Orthodox Easter ... As well as those of you who are also like me and mourning another Maple Leafs Game 7 exit ... Ugggh!

Sincerely,

George et al

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Mill City Gold Corp. - Amendment to stock option plan and grant of incentive sto

posted on Jun 12, 2008 07:20AM

Mill City Gold Corp. - Amendment to stock option plan and grant of incentive stock options

CALGARY, Jun 12, 2008 (Canada NewsWire via COMTEX News Network) --

TSX VENTURE SYMBOL "MC"

MILL CITY GOLD CORP. ("Mill City" and/or the "Company") announced today that the directors of the Company approved, subject to requisite approval by the Company's shareholders and the TSX Venture Exchange, an amendment to the Company's stock option plan to increase the maximum number of common shares issuable under the plan from 8,543,841 to 10,084,841 being 20% of the Company's issued and outstanding common shares as at the date hereof. Under the Company's stock option plan as so amended, the Company has today granted to Bruce Durham, P.Geo., senior geological consultant to the Company, an incentive stock option to purchase 500,000 common shares. In addition, the Company also granted additional incentive stock options to directors and officers to purchase a total of 1,050,000 common shares. These options may not be exercised until the requisite shareholder approvals have been received and will vest as to 25% upon TSX Venture Exchange approval of the amendment to the Company's stock option plan for filing and 12 1/2% every quarter thereafter with an expiry date of June 10, 2013 and are exercisable at a price of $0.25 per share.

ON BEHALF OF THE BOARD OF DIRECTORS

"James R. Brown"

James R. Brown

Chairman, President & CEO

The TSX Venture Exchange does not accept responsibility for the adequacy

or accuracy of this Release.

SOURCE: Mill City Gold Corp.

James R. Brown at (403) 640-0110 or visit the Company's website at www.millcitygold.com

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