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CANNON POINT ANNOUNCES STOCK OPTION GRANT

^{Published on 2011-03-10 12:00:49 - Market Wire}
 

TSXV: CNP

VANCOUVER, March 10 /CNW/ - Cannon Point Resources Ltd. (the "Company") reports that pursuant to the Company's Stock Option Plan, a total of 1,800,000 stock options have been granted to directors, officers and consultants of the Company and charitable organizations at an exercise price of $0.23 per share for a period of ten years subject to regulatory approval.

On behalf of the Board of
Cannon Point Resources Ltd.
"Gordon Keep"

Chief Executive Officer & Director

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