TORONTO, CANADA - Tsodilo Resources Limited (TSX
Venture Exchange: TSD) ("Tsodilo" or the
"Company") reports that in terms of the
Stock Option Plan of the Company and a policy
adopted by the board of directors in September
2002, 235,000 stock options were granted to
officers and senior employees on January 3, 2012,
at CDN $0.90 per common share. These options are
valid for five years and vest in four equal
installments on January 3, 2012, July 3, 2012,
January 3, 2013 and July 3, 2013.
About Tsodilo Resources Limited: Tsodilo Resources
Limited is an international diamond and metals
exploration company engaged in the search for
economic kimberlites and metal deposits at its
Newdico (Pty) Limited ("Newdico") and
Gcwihaba Resources (Pty) Limited
("Gcwihaba") projects in northwest
Botswana. The Company has a 97% stake in Newdico
(3,949 km² under Precious Stone - diamond
licenses). The Gcwihaba project area: 3,728 km²
under Precious Stone - diamond licenses; 12,096 km²
Metal (base, precious, platinum group, and rare
earth) licenses; and, 6,925 km² under Radioactive
Minerals licenses, is 100% held by the Company.
Tsodilo manages the exploration of both the Newdico
and Gcwihaba license areas.
The Company has offices in Toronto, Canada and
Gaborone and Maun, Botswana. Please visit the
Company's website, , for additional information
and background on our projects.
This press release contains forward-looking
statements. All statements, other than statements
of historical fact, that address activities, events
or developments that the Company believes, expects
or anticipates will or may occur in the future
(including, without limitation, statements relating
to the development of the Company's projects)
are forward-looking statements. These
forward-looking statements reflect the current
expectations or beliefs of the Company based on
information currently available to the Company.
Forward-looking statements are subject to a number
of risks and uncertainties that may cause the
actual results of the Company to differ materially
from those discussed in the forward-looking
statements, and even if such actual results are
realized or substantially realized, there can be no
assurance that they will have the expected
consequences to, or effects on the Company. Factors
that could cause actual results or events to differ
materially from current expectations include, among
other things, changes in equity markets, political
developments in Botswana and surrounding countries,
changes to regulations affecting the Company's
activities, uncertainties relating to the
availability and costs of financing needed in the
future, the uncertainties involved in interpreting
exploration results and the other risks involved in
the mineral exploration business. Any
forward-looking statement speaks only as of the
date on which it is made and, except as may be
required by applicable securities laws, the Company
disclaims any intent or obligation to update any
forward-looking statement, whether as a result of
new information, future events or results or
otherwise. Although the Company believes that the
assumptions inherent in the forward-looking
statements are reasonable, forward-looking
statements are not guarantees of future performance
and accordingly undue reliance should not be put on
such statements due to the inherent uncertainty
therein.
The TSX Venture Exchange has not reviewed and does
not accept responsibility for the adequacy or
accuracy of this news release. This news release
may contain assumptions, estimates, and other
forward-looking statements regarding future events.
Such forward-looking statements involve inherent
risks and uncertainties and are subject to factors,
many of which are beyond the Company's control,
which may cause actual results or performance to
differ materially from those currently anticipated
in such statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
James M. Bruchs
Chairman and Chief Executive Officer
Dr. Mike de Wit
President and Chief Operating Officer
Head Office
Telephone +1 416 572 2033
Facsimile + 1 416 987 4369
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Tsodilo Resources Limited (Tsodilo) is a Canada-based exploration stage company, which is engaged principally in the acquisition, exploration and development of mineral properties in the Republic of Botswana. It is engaged in the search for economic metal and diamond deposits at its Gcwihaba Resources (Pty) Limited (Gcwihaba) and Bosoto (Pty) Ltd. (Bosoto) projects in Botswana. The Company has a 100% stake in its Gcwihaba project area consisting of five metal (base, precious, platinum group, and rare earth) prospecting licenses all located in the North-West district of Botswana. The Company has a 100% stake in Bosoto (Pty) Ltd. which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana. Tsodilo manages the exploration of the Gcwihaba and Bosoto projects. The Company also holds a 100% interest in Newdico (Pty) Limited, which provides administrative, operational, exploration, geophysical, and drilling services to the Company's other subsidiaries.