Grande Portage Resources Ltd.

Published : July 15th, 2016

Grande Portage Announces Incentive Stock Options

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Keywords :   Diamond | Gold Discovery |

Grande Portage Announces Incentive Stock Options

VANCOUVER, BC, July 15, 2016
-- Grande Portage Resources Ltd. (TSX-V GPG) ('Grande Portage' or 'the Company') is pleased to announce that subject to TSX Venture Exchange approval, the Company has granted incentive stock options to various directors, officers and consultants to purchase up to 800,000 common shares exercisable on or before July 14, 2021 at a price of $0.15 per share.

About Grande Portage Resources Ltd.
Grande Portage Resources Ltd. is a Tier 2 publicly traded mineral exploration company, principally focused on the Herbert Gold discovery, situated approximately 25 km north of Juneau, Alaska. The Company holds a 100% interest in the Herbert property. The Herbert Gold property has a NI 43-101 technical report completed with indicated resources of 821,100 tonnes containing 182,400 oz of gold at 6.91 g/t. Inferred resources of 51,600 tonnes containing 12,800 oz of gold at 7.73 g/t. The system is open to length and depth and is host to at least six main composite vein-fault structures that contain ribbon structure quartz-sulfide veins. The project lies prominently within the 160km long Juneau Gold Belt, which has produced nearly seven million ounces of gold. Grande Portage conducted an initial drill program in the fall of 2010. The results from the drilling program confirm the identification of major elements of a complex mesothermal gold-quartz system with numerous targets. Subsequently, the Company has conducted follow up drill programs of with a total of 108 Diamond drill holes from ten different platform locations.

ON BEHALF OF THE BOARD OF DIRECTORS
________________________________________
Ian Klassen, President

For further information please contact:
Mr. Ian Klassen
Phone: (604) 899-0106
Email: [email protected]
Website: www.grandeportage.com

Statements about the Company's future expectations and all other statements in this press release other than historical facts are 'forward looking statements'. Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

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Grande Portage Resources Ltd.

CODE : GPG.V
ISIN : CA38655P1027
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Grande Portage Res. is a silver and gold exploration company based in Canada.

Grande Portage Res. holds various exploration projects in Canada.

Its main exploration properties are MERRY WIDOW and HERBERT GLACIER in Canada.

Grande Portage Res. is listed in Canada. Its market capitalisation is CA$ 6.2 millions as of today (US$ 4.9 millions, € 4.3 millions).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 0.93, and its lowest recent point on January 01, 2016 at CA$ 0.01.

Grande Portage Res. has 11 955 237 shares outstanding.

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Corporate news of Grande Portage Resources Ltd.
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4/12/2016Grande Portage Announces Closing of Non-Brokered Private Pla...
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