News - Thursday, January 19, 2012
Masuparia Grants Incentive Stock Options

NR: 12-01

Masuparia Gold Corp. (TSX.V: MAS) ("the Company") announces that subject to TSX Venture Exchange approval, has granted 1,200,000 stock options to directors, officers and consultants of the Company. The options are set for a period of 5 years, expiring on January 18, 2017, and will allow the holder to purchase a common share in the Company at a price of $0.22. A portion of the options will be subject to vesting over a period of one year in accordance with Exchange regulations. Any shares issued on the exercise of these stock options will be subject to a four-month hold period from date of grant.

About Masuparia
Masuparia is a Canadian mineral exploration company focused on grassroots exploration projects with world class potential. Masuparia currently has an exploration project in Saskatchewan, the Greywacke Lake gold project, which is in a JV with Golden Band Resources (MAS 51%/ GBN 49%) and is at an advanced stage with several known high-grade gold-bearing zones. The Resource estimate on the Greywacke North Zone is 184,000 tonnes at 8.4 g/t Au (NI 43-101, Wardrop 2008).

On Behalf of the Board of Directors
Masuparia Gold Corp.

Ron Netolitzky, President & CEO

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

For further information contact: Tony Perri - Investor Relations at 604-685-8592
Or Raju Wani of Wani Capital at 403-240-0555
Suite 611, 675 W. Hastings Street Vancouver, British Columbia, Canada V6B 1N2
Tel: 604-685-8592 Fax: 604-669-2543 Website: www.masupariagold.com

Masuparia Gold Corp

	EXPLORATION STAGE
	CODE : MAS.V
	ISIN : CA5764593094

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Masuparia Gold is a gold exploration company based in Canada.

Masuparia Gold holds various exploration projects in Canada and in Mexico.

Its main exploration properties are GREYWACKE, UNGAVA, DICKENS LAKE and MASUPARIA PROJECT in Canada.

Masuparia Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 478 566 as of today (US$ 382 638, € 335 191).

Its stock quote reached its highest recent level on September 20, 1996 at CA$ 2.40, and its lowest recent point on August 31, 2023 at CA$ 0.01.

Masuparia Gold has 31 904 373 shares outstanding.

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