Clifton awards itself stock options on day of gold
Clifton Star Resources Grants Stock Options
Quebec City, QUEBEC-- (April 16, 2013) – Clifton Star Resources Inc. ("Clifton Star" or the
"Corporation") (TSXV-CFO; Deutsche Boerse-C3T) reports that it has granted 725,000 stock
options to the directors and President. The options were granted according to the Option Plan
of the Corporation.
The incentive stock options granted replace a similar number of incentive stock options that had
been granted in the past and that recently expired unexercised. All the incentive stock options
granted are exercisable at a price of $0.85 per share which represents a premium to the closing
price ($0.44/share) on the grant date. The incentive stock options are exercisable for a period of
five years from the date of the grant (April 15, 2013).
One quarter of the incentive stock options vest immediately and the balance vest at a rate of
25% every six months over the next 18 months. Any shares issued under the option grant will be
subject to a four-month hold period from the date of granting of the option (April 15, 2013),
pursuant to the policies of the TSX Venture Exchange.
For further information please contact:
Michel F. Bouchard
President and CEO
418-914-9922
mbouchard@cfo-star.com
Neither the TSX Venture Exchange nor its Regulations Services Provider (as the term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.