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Soho Grants Incentive Options and Re-Prices Existing Options Vancouver, British Columbia, March 12, 2009 – Soho Resources Corp. – (TSX Venture – SOH) (“Soho” or the “Company”) announces that the Company intends to amend an aggregate of 3,355,000 existing incentive stock option to reduce original exercise prices, which vary between $0.15 per share and $0.64 per share, to a new uniform exercise price of $0.10 per share, subject to TSX Venture Exchange acceptance. An aggregate of 1,400,000 of these options are held by insiders and, in accordance with the requirements of the TSX Venture Exchange, this amendment is subject to the approval of disinterested shareholders. The Company intends to seek disinterested shareholder approval at its next Annual General Meeting scheduled for July 2009. There has been no change to the expiry date or vesting provisions of the options. The Company also intends to grant 3,515,000 new incentive stock options to directors, officers, employees and consultants. The new options will be exercisable over five years at the price of $0.10 per share. Of these new incentive stock options 2,600,000 will be granted to insiders. ON BEHALF OF THE BOARD OF DIRECTORS RALPH SHEARING
WARNING: The Company relies upon litigation protection for "forward-looking" statements. This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Soho Resources Corp. relies upon litigation protection for forward-looking statements. Neither 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 release.
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