EDITOR: | January 7th, 2013

Buchans Minerals Grants Options

| January 07, 2013 | No Comments
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Buchans-Minerals-CorporationJanuary 7, 2013 (Source: CNW) — Buchans Minerals Corporation (TSXV: BMC) (“Buchans Minerals” or the “Company”) announces the grant of 635,500 options to an aggregate of 4 directors, officers and employees of the Company. Each option is exercisable for one common share of Buchans Minerals until January 7th, 2018 at an exercise price of $0.10. All of the options vest immediately.

About Buchans Minerals:
Buchans Minerals is an Atlantic Canada based resource company that has three main assets that include its 100% owned base metal properties near Buchans in central Newfoundland (joint ventured to Minco plc.), its 100% owned manganese property located near Woodstock in New Brunswick (also joint ventured to Minco plc.) and its 50% owned gold and copper Long Range Property in central Newfoundland.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release, and no securities regulatory authority has either approved or disapproved of the contents of this release.

SOURCE: BUCHANS MINERALS CORP.

For further information:

Buchans Minerals Corporation.
Warren MacLeod, President & CEO
Ph: (902) 472-3520
Windsor, Nova Scotia
www.buchansminerals.com


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