VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 28, 2012) - Coronet Metals Inc. (the "Company") (TSX VENTURE:CRF)(OTCQX:CORMF)(FRANKFURT:2CM) advises that it has granted incentive stock options to certain directors, officers and consultants of the Company, entitling them to purchase up to 5,559,833 common shares of the capital stock in the Company at a price of $0.10 per share for the next four years.
The above is subject to regulatory approval.
About Coronet Metals Inc.
Coronet Metals Inc. is well-funded and positioned to build a substantial junior gold mining and exploration enterprise by acquiring advanced, near production assets in the Americas. The proven management team has extensive experience in all aspects of the development and financing of resource projects in Latin and North America.
This news release contains certain forward-looking statements, and such statements involve risks and uncertainties. The results or events predicted may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release. Except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results, or any other occurrence.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.