TSXV: SDP

VANCOUVER, Jan. 9 /CNW/ - Svit Gold Corp. (the "Company") reports that pursuant to the Company's Stock Option Plan, a total 1,265,000 stock options have been granted to directors, officers and a Charitable Organization at an exercise price of $0.10 per share for a period of ten years subject to regulatory approval.

The Company has also re-priced 4,550,000 of its existing stock options to $0.10 per share. All other original terms pertaining to the option agreements will remain unchanged. 2,500,000 of the aforementioned options are issued to an insider and will be subject to disinterested shareholder approval.

ON BEHALF OF THE BOARD OF SVITGOLD
"Cary Pinkowski"
Cary Pinkowski, President & Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.