Ikkuma Resources Corp. has granted 2.9 million stock options to officers, directors, employees and consultants of Ikkuma at an exercise price of 38 cents.

The stock options have been granted pursuant to Ikkuma's 10 per cent rolling stock option plan and will expire five years from the date of grant. All of the stock options vest as to one-third on each of the first, second and third anniversaries of the date of grant. Subsequent to this stock option grant, Ikkuma will have a total of 9.38 million stock options outstanding, representing approximately 8.6 per cent of its issued and outstanding common shares.