TORONTO, ONTARIO--(Marketwire - Nov. 23, 2011) - Lago Dourado Minerals Ltd. (TSX VENTURE:LDM), (the "Company") announces that 150,000 options to purchase common shares of the company are being granted to a director at an exercise price of $0.50 per share, expiring on November 22, 2016. The grant is subject to regulatory approval.
About the Company:
Lago Dourado Minerals Ltd. is a Canadian mineral exploration company focused on advancing its 100%-owned Juruena gold project in the state of Mato Grosso, Brazil. Extensive gold mineralization has been identified over 10 square kilometres of the property and at least 0.5 million oz of gold has been mined from surface workings. The Company has conducted systematic exploration programs over portions of the property and priority target areas are now being drill tested with a Phase 1 drill campaign. Large portions of the 70 sq. km property remain largely untested. The Company currently has 71.3 million shares outstanding.
Neither 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.