Stock Option Grants

07/09/2009

Vancouver, British Columbia – July 9, 2009 – Mala Noche Resources Corp. (the “Company”) announces that it has granted an aggregate 6,400,000 incentive stock options to its directors and officers pursuant to the Company’s 2008 Stock Option Incentive Plan (the “2008 Plan”), as amended, of which 900,000 are fully vested and exercisable on the date of grant for a term of five years to July 9, 2014, and 5,500,000 are subject to vesting provisions such that 40% of these options vested on the date of grant and the balance vest as to 30% on each of July 9, 2010 and July 9, 2011, thereafter being fully vested and exercisable for a term of ten years to July 9, 2019. The options are exercisable at a per share price of $0.135. Any common shares issued on exercise of these options prior to November 10, 2009 will be subject to a hold period until November 10, 2009, pursuant to the policies of the TSX Venture Exchange (the “Exchange”).

Mala Noche’s Board of Directors has amended the 2008 Plan to increase the number of common shares reserved for issuance thereunder from 4,916,157 to 11,654,657, representing 20% of Mala Noche’s current issued common share capital, and, further, to extend the maximum length of the term of options granted under the 2008 Plan from five to ten years in accordance with the recently revised policies of the Exchange. The options referred to above cannot be exercised until such time as the amendments to the 2008 Plan have been accepted by the Exchange and, further, the 5,500,000 options subject to vesting provisions cannot be exercised until the amendments to the 2008 Plan have been approved by Mala Noche’s shareholders.

For additional information, please contact:
Wade Nesmith, Chief Executive Officer Telephone: (604) 307-1272

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