TORONTO,
March 20, 2013 /CNW/ - Jubilee Gold
Exploration Ltd. (TSX.V: JUB) (the "Corporation") announces that it
has granted stock options (the "Options") to purchase an aggregate
of up to 1,025,000 common shares in the capital of the Corporation
at an exercise price of $0.27 per
common share pursuant to the Corporation's stock option plan. The
Options were granted effective March 20,
2013 to certain directors, officers and employees of the
Corporation. The Options will vest immediately and expire 10 years
from the date of grant.
This news release contains forward-looking
statements, which address future events and conditions, which are
subject to various risks and uncertainties. The Corporation's
actual results, programs and financial position could differ
materially from those anticipated in such forward-looking
statements as a result of numerous factors, some of which may be
beyond the Corporation's control. These factors include: the
availability of funds; the timing and content of work programs;
results of exploration activities and development of mineral
properties, the interpretation of drilling results and other
geological data, the uncertainties of resource and reserve
estimations, receipt and security of mineral property titles;
project cost overruns or unanticipated costs and expenses,
fluctuations in metal prices; currency fluctuations; and general
market and industry conditions.
Forward-looking statements are based on the
expectations and opinions of the Corportion's management on the
date the statements are made. The assumptions used in the
preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking
statements.
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.
SOURCE JUBILEE GOLD INC.