TORONTO, Feb. 17 /CNW/ - Coniagas Resources Limited ("Coniagas" or the "Company") (TSX-V: "CNY") wishes to announce that it has granted an aggregate of 400,000 options to purchase common shares of the Company exercisable at a price of $0.40 per share for a period of two years, to directors and officers of the Company. The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.

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