Press release from TheNewswire.ca
Brilliant Resources Grants Stock Options
Friday, February 24, 2012
Brilliant Resources Grants Stock Options17:52 EST Friday, February 24, 2012(via Thenewswire.ca) Edmonton, Alberta - Brilliant Resources Inc. (BLT: TSX-V) (the "Company" or "Brilliant") is pleased to announce that the Company's Board of Directors has granted stock options to acquire up to an aggregate 4,875,000 common shares of Brilliant under the Company's stock option plan, of which 4,000,000 were granted to officers and directors. The stock options are exercisable at a price of $0.20 per common share. About Brilliant Resources Inc. BRILLIANT RESOURCES INC. (BLT: TSX-V) is a well-funded exploration company in search of resource opportunities worldwide. Leadership, collaboration and mutual benefit are our guiding principles. Brilliant is currently pursuing an innovative growth strategy in West and Central Africa, whereby it acquired exclusive preferential rights to explore for resources in Equatorial Guinea in exchange for the delivery of a national airborne geophysical survey. Driven by an internationally experienced technical and management team, along with a newly -financed treasury, Brilliant is well-positioned for the discovery and development of high quality mineral and hydrocarbon prospects. On behalf of the Board of Directors "John Williamson" John Williamson, P. Geol. CEO, President, & Director Brilliant Resources Inc. For further information about Brilliant Resources Inc. or this news release, please visit our website www.brilliantresources.com or contact: Brian Budd Vice President of Corporate Development Tel: +1.604.697.2861 Email: email@example.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. Caution concerning forward-looking information This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Brilliant in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Brilliant's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Brilliant disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law. Copyright (c) 2012 Thenewswire.ca - All rights reserved.