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| ||Fri Feb 12, 2010|
China Education Resources Inc. grants 620,000 Options, Extends 924,000 Options
| ||VANCOUVER, BRITISH COLUMBIA--(February 12, 2010) - China Education Resources Inc. ("China Education", "CER", "the Company") (TSX VENTURE:CHN) (PINK SHEETS:CHNUF) -- today announced that 300,000 share purchase options have been granted to four directors. These options will vest immediately and are exercisable for a period of five years from February 3, 2010 at a price of $1.00 per share. The Company has granted 200,000 share purchase options to an employee. These options are exercisable at $0.60 per share with 40,000 share purchase options exercisable immediately and the balance over a four year period. The Company has granted 120,000 share purchase options to two consultants at $0.60 per share for a period of one year from February 3, 2010, with 30,000 share purchase options exercisable immediately and the balance in equal installments on April 3, 2010, June 3, 2010 and September 3, 2010.|
The Company has also extended the expiration date of 924,000 share purchase options granted in 2005 from February 3, 2010 to February 3, 2015. These options are exercisable at $1.05 per share.
The above option grants and extension are subject to regulatory approval.
ABOUT CHINA EDUCATION RESOURCES INC.
In collaboration with China's various education authorities and experts, China Education Resources Inc. ("CER") is helping to transform the curriculum of the world's largest educational system. Recognizing the need for centralization and increased accessibility to address the Chinese Central government's 2000 education reform policy changes, CER has created educational tools and curricula for China's entire kindergarten through twelfth grade system. By implementing the government's goal of converting the existing educational system from memory-based learning to creative thinking and utilizing a more interactive approach to embrace a world-based economy, CER has played an integral part in positioning China's educational system to reach new heights.
Safe Harbor Statement
This press release contains certain forward-looking statements that reflect the current views and/or expectations of China Education Resources Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.
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Contact: China Education Resources Inc. (604) 683-6865
Equiti-trend Advisors LLC (800) 953-3350
Source: China Education Resources Inc.
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