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April 13, 2012 - Vancouver, British Columbia. Manado Gold Corp. ("Manado") (TSX-V: MDO) is pleased to announce that it has entered into a corporate communications agreement with Derek A. Huston. Mr. Huston will assist Manado in forming productive relationships with private investors, analysts, investment funds, brokers and other financial institutions and interested parties.
Under the agreement, Manado has agreed to pay to Mr. Huston a monthly consulting fee of $3,000 and grant to Mr. Huston options to purchase 200,000 common shares of Manado at a price of $0.15 per share. The options are subject to the vesting provisions and the terms and conditions of Manado's stock option plan and the policies of the TSX Venture Exchange. The agreement is subject to TSX Venture Exchange approval and is for an initial term of 3 months.
Stock Option Grants
Manado also announces that it has granted 1,200,000 stock options to officers and directors of Manado. The options were granted for a period of 5 years, expiring on April 12, 2017, and each stock option will allow the holder to purchase a common share of Manado at an exercise price of $0.15.
On behalf of the Board of Directors
Logan Anderson
President and Chief Executive Officer?
(604) 616-6754
info@manadogold.com
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.
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