TORONTO, ONTARIO--(Marketwire - Jan. 23, 2012) - FDG Mining Inc. ("FDG" or "Company") (TSX VENTURE:FDG) announces that it has granted incentive stock options to certain directors, officers and consultants to purchase a total of 1,049,000 common shares of the Company at a price of $0.25 per share exercisable for a period of five years. The options are subject to vesting in accordance with the terms of the Company's stock option plan on the basis of 50% at the time of granting and 50% in one year.
About FDG Mining Inc. (www.fdgmining.com)
FDG Mining Inc. is a Canadian junior mining company engaged in acquisition, exploration and development of precious metal properties in Nicaragua. The Company is currently focused on advancing its core property, the past-producing 9300 hectare Topacio gold concession. Topacio has an NI 43-101 compliant inferred resource of 680,000 tonnes grading 5.2 g/t gold and 34 g/t silver, and a similar geological setting to B2Gold's La Libertad and El Limon mines to the northwest. FDG trades on the TSX Venture Exchange under the symbol FDG.
On Behalf of the Board of Directors
Daniel T. Farrell, President and Chief Executive Officer
Neither the 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 news release.
Contact Information:
Casey Moulton
Manager Corporate Communications
416.479.4433 or 778.830.2731
cmoulton@fdgmining.com
www.fdgmining.com