MONTREAL, QUEBEC--(Marketwire - Jan. 21, 2009) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) announces that its Board of Directors has today granted stock options to three directors and officers and one consultant in respect of an aggregate of 1,150,000 common shares. The options were granted under Freewest's 2003 Stock Option Plan.
The exercise price of the options is $0.25 per share. The closing price of Freewest's common shares on the TSX Venture Exchange on January 20, 2009, the last trading day prior to today, was $0.235. The options expire in five years.
Freewest is a well-financed mineral exploration corporation with over C$8.5 million in working capital. It is actively exploring for gold and base-metals within eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.
FOR FURTHER INFORMATION PLEASE CONTACT:
Freewest Resources Canada Inc.
Mackenzie I. Watson
President and CEO
(514) 878-3551 or 1-888-878-3551
(514) 878-4427 (FAX)
Email: info@freewest.com
Website: www.freewest.com
Bay Street Connect
Michael D'Amico
Investor Relations
(647) 500-6023
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.
