OLV Olivut Resources Ltd

Olivut Resources Ltd. ("Olivut" or the "Company") (TSX VENTURE:OLV) announces
that it has granted stock options to certain Directors, Officers and Consultants
of the Company pursuant to the Company's stock option plan to purchase up to
2,495,000 common shares in the capital of the Company at an exercise price of
$1.40 per common share. The stock options shall expire on June 26, 2022.


The grant of options is subject to regulatory approval, including approval of
the TSX Venture Exchange.


Olivut is a diamond exploration company with a 100% mineral interest in the HOAM
Project in Canada's Northwest Territories and an option agreement with Latin
American Minerals Inc. and certain of its Paraguayan subsidiaries to explore the
Itapoty Diamond Project located in central Paraguay, South America. Please visit
www.olivut.com for detailed corporate and project information.


Leni Keough, P.Geo. 

President and Chief Executive Officer

Olivut Resources (TSXV:OLV)
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Olivut Resources (TSXV:OLV)
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