Cannon Point announces stock option grant

TSXV: CNP

VANCOUVER, Dec. 14, 2012 /CNW/ - Cannon Point Resources Ltd. (the "Company") reports that pursuant to the Company's Stock Option Plan, a total of 500,000 stock options have been granted to granted to directors and officers, charitable organizations and consultants of the Company at an exercise price of $0.15 per share for a period of ten years subject to regulatory approval.

On behalf of the Board of
Cannon Point Resources Ltd.

"Gordon Keep"

Chief Executive Officer & Director

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 NEWS RELEASE

SOURCE: Cannon Point Resources Ltd.

Gordon Keep
Tel: [phone]