Central Canada Foods Corporation Announce Stock Options Granted

MISSISSAUGA, ONTARIO -- The Board of Directors of Central Canada Foods Corporation (TSX VENTURE: CDF.A) has granted 500,000 incentive stock options to consultants and directors of the Company at the exercise price of $0.25 for a period of 5 years, expiring March 12, 2012, subject to regulatory approval.


Options were granted as follows:

Waldo Baerg, Director 20,000
Larry Ginsberg, Director 20,000
Michael Vinke, Director 20,000
Consultants who are neither Directors nor officers 440,000

The Board also cancelled 60,000 options previously granted to directors at a price of $0.48 per share.
Central Canada Foods has reserved 1.8 million shares for issuance under the provisions of its stock option plan.

This News Release may contain certain forward-looking statements, which statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “anticipate”, “estimate”, “predict”, “plans”, or “continues” or the negative thereof or any other variations thereon or comparable terminology referring to future events or results. Forward looking statements are statements about the future and are inherently uncertain, and the Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous factors, including without limitation, the need for regulatory approval, marketing/manufacturing and partnership/strategic alliance risks, the effect of competition, uncertainty of the size and existence of a market opportunity for the Company’s products, as well as a description of other risks and uncertainties affecting the Company and its business, as contained in news releases and filings with the Canadian Securities Regulatory Authorities, any of which could cause actual results to vary materially from current results or the Company’s anticipated future results. Forward-looking statements are based on the beliefs, opinions and expectations of the Company’s management at the time they are made, and the Company does not assume any obligation to update its forward-looking statement if those beliefs, opinions or expectations, or other circumstances should change.



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