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Celtic Minerals grants options

Wednesday, August 29th, 2007

Celtic Minerals Ltd is pleased to announce that, subject to regulatory approval, it has granted a total of 1,000,000 options at an exercise price of $1.03. The issued options comprise: a total grant of 750,000 options to Directors and Officers, a total grant of 200,000 options to employees, and a total grant of 50,000 options to its Corporate Relations firm, Ardent Capital Inc. With this grant of options the company has a total of 3,785,000 options granted, equating to 6.30% of the issued and outstanding shares.

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