The Company has amended the exercise price to $3.00 per share for 428,000 incentive stock options granted on September 13, 2000 to directors, officers, employees and consultants of the company and 90,000 incentive stock options granted on May 9, 2001 to a director and consultant of the company. All other terms and conditions of the stock options will remain the same.
The amended option price are subject to TSX Venture Exchange approval and independent shareholder approval for insiders of the Company.
The closing price on May 7th, 2002 of DRC Resources Corporation shares on the TSX Venture Exchange was $3.00.
On behalf of the Board of Directors
John H. Kruzick, President
May 8, 2002
Vancouver, B.C.
U.S. Rule 12g3-2(b)Exemption
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.
WARNING: The company relies on litigation protection for "forward-looking" statements.
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