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Pacific Booker Minerals Inc. Announces Stock Options Granted

Vancouver BC, May 16, 2011: The Board of Directors have cancelled the 100,000 options granted on November 26, 2006 at an exercise price of $7.00 and 325,000 options granted on July 3, 2007 at an exercise price of $11.00 and the 131,827 options granted on July 30, 2007 at an exercise price of $11.55. The Board of Directors have approved the granting of additional director, consultant and employee options. The approved options will be fixed in accordance with the Company’s stock option plan. The options will total 606,827 shares at a price of $7.44 exercisable for a period of seven years.

For information regarding Pacific Booker Minerals Inc., and to view our Khandaker and Standard & Poor’s reports, our 3D animations of the Morrison ore body and site plan, please visit our website home page at http://www.pacificbooker.com.

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On Behalf of the Board of Directors

“Mark Gulbrandson”

Mark Gulbrandson
Executive Director

 

No regulatory authority has approved or disapproved the information contained in this news release. This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured,'' "indicated," and "inferred" "resources," that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20- F, File No. 0-51453, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml

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