Mr. Keith Henderson reports

VELOCITY ANNOUNCES GRANTING OF STOCK OPTIONS

Velocity Minerals Ltd. has granted 350,000 common share stock options to a director and an employee of the company and its affiliates. The options entitle the holder to purchase shares at a price of 21 cents per share for a period of five years from the issue date. Options will vest over three years, beginning six months from the date of issue and vesting in equal tranches biannually thereafter.