British Columbia - Australian Goldfields Limited (the 'Company') (CSE: AUGF) (OTC: GRXXF) (Frankfurt: G0A) announces that it has granted incentive stock options to purchase a total of 2,300,000 common shares at an exercise price of $0.20 per share for a period of five years to certain directors, officers and consultants in accordance with the provisions of its stock option plan

Contact:

Adrian Hobkirk

Tel: 954-684-8040

Email: info@australiangoldfields.com

Web: www.australiangoldfields.com

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