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 Fri May 2, 2008
Cangold Grants Stock Options

 CANGOLD LIMITED (TSX-V: CLD; the "Company") has granted incentive stock options to directors, officers, staff and employees to purchase an aggregate of up to 2,175,000 common shares. The options are exercisable until April 30, 2013 at an exercise price of $0.15 per share.

The options were granted under the Company's Restated 2002 Incentive Stock Option Plan, which has been approved by shareholders and accepted for filing by the TSX Venture Exchange.

For further information please visit the Company's website at www.cangold.ca or contact Don Mosher, at telephone 604 685 6465, fax 604 899 4303 or e-mail info@cangold.ca


ON BEHALF OF THE BOARD

"Kaare G. Foy"

Kaare G. Foy
Executive Chairman

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
 
 

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