TORONTO, Oct. 19 /CNW/ - (TSX:ONT) - Mr. Salvatore Fuda, Chairman of
Ontex Resources Limited ("Ontex"), has been granted 1,600,000 stock options of
Ontex. Each option entitles Mr. Fuda to acquire one common share of Ontex at
an exercise price of $0.115 and expires on October 13, 2008. Following the
grant of options, Mr. Fuda and entities deemed to be acting jointly and in
concert with him have ownership and control over 12,838,605 common shares of
Ontex on a fully diluted basis representing 18.7% of the outstanding common
shares of Ontex (assuming the options are exercised in their entirety).