First Pursuit Grants Options and Announces Name Change
TSX-V: FPV
Vancouver, B.C., Canada May 3, 2011 NEWS RELEASE
FIRST PURSUIT GRANTS OPTIONS AND ANNOUNCES NAME CHANGE
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia – First Pursuit Ventures Ltd. (TSX-V: FPV) (the “Company”) announces the grant of 850,000 incentive stock options under its incentive stock option plan to certain directors, officers, employees and consultants. The options are exercisable at $0.27 for a period of five years from the date of grant. All options are subject to a four-month hold period and are granted in accordance with the terms of the Company's stock option plan.
The Company intends to change its name to Silver Pursuit Resources Ltd. to more appropriately reflect the Company’s main activity. The name change is expected to occur after its Annual General Meeting scheduled for May 16, 2011, and a symbol change may also be required. The name change will be subject to TSX Venture Exchange approval.
ON BEHALF OF FIRST PURSUIT VENTURES LTD.
"Terry Fields"
Terry Fields President and Director
FOR MORE INFORMATION PLEASE CONTACT:
Investor Relations Telephone: 604-733-7923
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
Suite 100 – 1616 West 3rd Avenue • Vancouver, B.C. • V6J 1K2 TEL (604) 733-7923 • FAX (604) 689-7816