VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 4, 2005) - War Eagle Mining Company Inc. (TSX VENTURE:WAR) War Eagle Mining Company Inc. (the "Company") announces that it has granted a total of 549,000 incentive stock options to consultants and advisors under its Stock Option Plan, subject to the approval of the TSX Venture Exchange. The stock options will be exercisable at a price of $0.40 per share for a period up to two years; any shares exercised will have a four-month hold expiring September 5, 2005.
Terence F. Schorn, P. Geo, President
War Eagle Mining Company Inc.
CUSIP. No. 933901209
FOR FURTHER INFORMATION PLEASE CONTACT:
War Eagle Mining Company Inc. Bob Faris Vice President, Corporate Development 1-800-877-1626 or (604) 606-7973 www.wareaglemining.com The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of the contents of the foregoing.
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