Asiamet Resources Grants Options

Asiamet Resources Grants Options

Vancouver, British Columbia -- Asiamet Resources Limited ("ARS") announces that pursuant to the Company's shareholder approved Stock Option Plan, the Company's Board of Directors granted a total of 6,000,000 Incentive Stock Options ("Options") to Directors and granted a total of 3,650,000 Options to employees and consultants for a total of 9,650,000 shares of the Company's capital stock, that are exercisable between August 31, 2015, and August 31, 2020, at an exercise price of C$0.05 per share, being the minimum price allowable under TSX Venture Exchange policies.  The common shares issued upon exercise of options granted will be subject to any applicable regulatory hold periods.

In recognition of the difficult market conditions currently faced by the Company, the employee's and consultants receiving Stock Options as part of this grant have all agreed to forego short term incentive bonus payments, accept frozen or reduced salaries/ fees for 2015. Directors have agreed to take no fees for 2015.

The number of Options granted to the Directors subject to these arrangements and their resultant beneficial interests in the capital of the Company are as follows:

Director Number Options granted
August 31, 2015
Total Options granted
pursuant to Plan
Number of common
shares held
Peter Pollard 400,000 1,050,000 408,501
Tony Manini 3,000,000 3,000,000 11,079,618
Faldi Ismail 300,000 3,000,000 5,196,000
Raynard von Hahn 300,000 600,000 160,994
Stephen Hughes 2,000,000 3,000,000 1,032,247
  6,000,000 10,650,000  17,877,360

ON BEHALF OF THE BOARD OF DIRECTORS

Tony Manini, Deputy Chairman and CEO

For further information please contact:

-Ends-

Tony Manini
Deputy Chairman and CEO, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email: tony.manini@asiametresources.com

VSA Capital Limited
Andrew Raca / Justin McKeegan
Telephone: +44 20 3005 5004 / +44 20 3005 5009
Email: araca@vsacapital.com

Kalimantan Gold's Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Oliver Morse
Telephone: +61 8 9480 2500
Email: andrew.thomson@rfcambrian.com / Oliver.Morse@rfcambrian.com

Neither the 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 announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Asiamet Resources Limited via Globenewswire

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