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Beaufield Resources Inc.: Amendment to Stock Option Plan and Grant of Stock Options

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  Published in Business and Finance on Thursday, October 22nd 2009 at 13:59 GMT by Market Wire
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OTTAWA, ONTARIO--(Marketwire - Oct. 22, 2009) - Beaufield Resources Inc. (TSX VENTURE:BFD) Board of Directors has authorized an amendment to its 2006 Stock Option Plan (The "2006 Plan") to increase to 7,700,000 the maximum number of options issuable under the 2006 Plan (which represents 9.2% of the issued and outstanding common shares of the Company), subject to the approval of the TSX Venture Exchange.

Under the amended 2006 Plan, the Board has also approved the granting of options for 1,000,000 shares to officers and directors at $0.15 valid for 5 years. Following regulatory approval, the Company will have 2,800,000 available options for future grants under the amended 2006 Plan.

Beaufield Resources Inc is a well financed resource exploration company having diversified properties with exposure to gold and base metals, all located in the provinces of Ontario and Quebec.

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.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company' periodic reports including the annual report or in the filings made by the Company from time to time with securities regulations.