Calico Receives Conditional Approval for Grassy Mountain Option Agreement
Published : May 12, 2011
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VANCOUVER, May 12 /CNW/ - Calico Resources Corp. (TSX-V: CKB) (the "Company" or "Calico") is pleased to announce that the TSX Venture Exchange (Exchange) has granted conditional approval for the previously announced Option Agreement between Calico and Seabridge Gold Inc. (Seabridge) for the acquisition by Calico of a 100% interest (subject to certain royalties) in the Grassy Mountain Project (the "Project"). Completion of the documents required to clear the conditions is well under way and the Company will submit the filings as soon as possible in accordance with the instructions of the Exchange.

The Company also announces the grant of 50,000 incentive stock options to an Officer of the Company pursuant to its incentive stock option plan. These options are exercisable for a period of five years from the date of grant at a price of $0.40 per share.

On behalf of the Board,

William S. Wagener

President and CEO

"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."

For further information:

Terri Anne Welyki - Vice-President of Corporate Development - 604-681-6855

Calico Resources

DEVELOPMENT STAGE
CODE : CKB.V
ISIN : CA13000L1067
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Calico is based in Canada.

Its main asset in development is GRASSY MOUNTAIN in USA.

Calico is listed in Canada. Its market capitalisation is CA$ 16.9 millions as of today (US$ 13.0 millions, € 11.8 millions).

Its stock quote reached its highest recent level on August 26, 2011 at CA$ 0.60, and its lowest recent point on August 07, 2015 at CA$ 0.06.

Calico has 102 445 845 shares outstanding.

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Financings of Calico Resources
7/27/2014Announces Closing of its Third and Final Tranche of its Non-...
6/19/2014Announcement of Extension of Private Placement Financing
10/16/2013Withdraws Application to Re-price Warrants
6/19/2013Closes June 8, 2013 Warrant Exercise
4/15/2013Announces Completion of the Second And Final Tranche of its ...
10/12/2012Announces Completion of Non-Brokered Private Placement Finan...
6/13/2011Announces Completion of Non-Brokered Private Placement
5/24/2011Announces Non-Brokered Private Placement Financing
Option Grants of Calico Resources
6/10/2011Grants 345,000 Stock Options
Nominations of Calico Resources
7/18/2011Appoints Mr Roderick Chisholm to Board of Directors
Project news of Calico Resources
12/3/2013(Grassy Mountain)to sell its Grassy Mountain Gold Project
1/14/2013(Grassy Mountain)Reports Positive Results from 2012 Drilling at Grassy Mounta...
7/11/2012(Grassy Mountain)REACHES MAJOR PERMITTING MILESTONE AT GRASSY MOUNTAIN PROJEC...
2/21/2012(Grassy Mountain)Initiates Mine Permitting Process for Grassy Mountain
12/15/2011(Grassy Mountain)CONTINUES TO DRILL SIGNIFICANT LENGTHS OF HIGH GRADE GOLD AT...
8/10/2011(Grassy Mountain)Commences Drilling
6/15/2011Receives Final Approval NI 43-101
6/10/2011(Grassy Mountain)Receives Final Approval on Grassy Mountain
5/4/2011(Grassy Mountain)Designes Phase I Core Drilling Program for Grassy Mountain P...
5/3/2011(Grassy Mountain)designs Phase I core drilling program based on historic core...
3/25/2011(Grassy Mountain)Calico Aims to Acquire Grassy Mountain Project
3/24/2011(Grassy Mountain)Aims to Acquire Grassy Mountain Project
Corporate news of Calico Resources
8/8/2014Seabridge Gold Acquires an Additional 2,896,000 Common Share...
7/22/2014Calico Announces Appointment of Rudi P. Fronk as a Director
7/7/2014Calico Announces Completion of the Second Tranche of its Non...
9/13/2013Seabridge Gold Acquires an Additional 1,671,000 Common Share...
5/22/2013Announces Proposed Re-Pricing of Warrants
3/13/2013(Grassy Mountain)Achieves Significant Permitting Milestone at Grassy Mountain
2/6/2013(Grassy Mountain)Exercise of Grassy Mountain Option
3/29/2012(Grassy Mountain)Accelerates Exercise of Grassy Mountain Option
2/14/2012=?utf-8?Q?=e2=80=99s_Grassy_Mountain_Exceeds_1,250,000_ounce...
1/18/2012(Grassy Mountain)Expects Recoveries up to 95% Au at Grassy Mountain
1/17/2012at Cambridge Conference
1/17/2012Host Open House in Oregon
12/6/2011Streetwise- Jay Taylor
5/12/2011(Grassy Mountain)Receives Conditional Approval for Grassy Mountain Option Agr...
4/29/2011(Grassy Mountain)Taylor Says Buy Calico as it buys Grassy Mountain
4/26/2011(Grassy Mountain)Announces Submission of Grassy Mountain NI 43-101 Technical ...
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TSX-V (CKB.V)
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