Carlisle Goldfields Grants Options to Recently Appointed CFO and Controller
TORONTO, ONTARIO -- (Marketwire) -- 10/21/11 -- Carlisle Goldfields Limited ('Carlisle' or the 'Company') (TSX: CGJ) is pleased to announce that its board of directors approved the grant of options, pursuant to the Company's stock option plan, to the Company's recently appointed Chief Financial Officer and Controller. The directors approved options to purchase a total of 500,000 common shares of the Company at an exercise price of $0.25 per share. The options have a term of five years. The options are subject to any necessary regulatory and shareholder approvals.
About Carlisle: Carlisle Goldfields Limited is a Canadian-based gold exploration and development company, focused on development of its mining leases and claims in the Lynn Lake Greenstone Belt of Northern Manitoba, covering approximately 20,000 hectares which include the former MacLellan Gold mine and two other former producing gold mines as well as numerous other historically identified Gold Zones all within close proximity of the town of Lynn Lake.
In mid-2010 (see News Release dated July 26, 2010), Carlisle announced a NI 43-101 compliant Resource Estimate on the MacLellan Gold Property in Lynn Lake, Manitoba, which included Total Open Pit and Underground Resources having increased to 5.3 million tonnes containing 658,200 ounces of AuEq (Gold Equivalent) at an average grade of 3.85 g/t AuEq (3.59 g/t Au and 19.3 g/t Ag) in the Measured and Indicated categories and 4.4 million tonnes containing 506,200 ounces of AuEq at an average grade of 3.56 g/t AuEq (2.9 g/t Au and 42.4 g/t Ag) in the Inferred category. The current Measured and Indicated Categories represent 55% of the total resource tonnage.
This press release does not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The common shares and other securities of the Company have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent an applicable exemption from the registration requirements.
Except for statements of historical fact contained herein, the information in this press release may constitute 'forward-looking information' within the meaning of Canadian securities law. Other than statements of historical fact, all statements are 'Forward- Looking Statements', including statements regarding the receipt of any necessary shareholder or regulatory approvals, that involve various known and unknown risks and uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these 'Forward-Looking Statements'. Except as otherwise required by applicable securities statutes or regulation, Carlisle expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
Neither IIROC nor the Toronto Stock Exchange accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Carlisle Goldfields Limited
Bruce Reid
President and Chief Executive Officer
647-500-4495
br@carlislegold.com
Carlisle Goldfields Limited
Carl McGill
Vice President, Corporate Development
416-278-8406
cmcgill@carlislegold.com
Carlisle Goldfields Limited
info@carlislegold.com
www.carlislegold.com
