War Eagle Mining Company Inc.: Corporate Updateadmin
War Eagle Mining Company Inc. announces that it has granted 300,000 incentive stock options to directors, officers and consultants at an exercise price of $0.50 per share until January 26, 2008, subject to the approval of the TSX Venture Exchange Inc.
The Company also announces that it has entered a consulting agreement with Murdock Capital Partners Corp. of New York, pursuant to which the Company will grant Murdock an incentive stock option to purchase 200,000 common shares at an exercise price of $0.60 per share until 2008 and pay Murdock a fee of US $5,000 per month, for a period of 12 months, subject to the approval of the TSX Venture Exchange Inc.
Terence F. Schorn, P. Geo, President
War Eagle Mining Company Inc.
CUSIP. No. 933901209
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of the contents of the foregoing.
Contacts: War Eagle Mining Company Inc. Bob Faris Vice President, Corporate Development
(604) 606-7973 or 1-800-877-1626
War Eagle Mining Company Inc. Steve McGuire (604) 606-7973 or 1-800-877-1626 Email: email@example.com