Peak Gold announces stock option grants

Thu Mar 20, 7:05 PM

VANCOUVER, March 20 /CNW/ - Peak Gold Ltd. (PIK:TSX-V) ("Peak Gold")announced today that it has granted options to purchase an aggregate of 7,318,000 common shares of Peak Gold to certain officers and employees in accordance with its stock option plan. The options are exercisable at a price of $0.62 which was the last closing price on March 19, 2008. The options granted are for a term of five years, expiring on March 20, 2013.

The TSX Venture Exchange does not accept responsibility for the adequacy

or accuracy of this release.

Contacts

Mélanie Hennessey
Vice President
Investor Relations
Peak Gold Ltd.
3110-666 Burrard Street
Vancouver
British Columbia
V6C 2X8
Telephone: (604) 696-4100
Toll-free: (888) 220-2760
Fax: (604) 696-4110
Email: info@peakgold.com
Website: www.peakgold.com

Vanguard Shareholder Solutions
1205-1095 West Pender Street
Vancouver
British Columbia
V6E 2M6
Telephone: (604) 608-0824
Toll Free: (866) 398-1088
Email: ir@vanguardsolutions.ca