OTTAWA, July 23 /CNW Telbec/ - Chemaphor Inc. (TSXV: CFR) today announced
pursuant to the requirements of the TSX Venture Exchange, that on July 8, 2008
it granted options to purchase 525,000 common shares of Chemaphor to directors
and officers. The stock options were granted pursuant to the terms of
Chemaphor's stock option plan and are exercisable at $0.20 per share (based on
the July 7th closing price). These grants form part of a total remuneration
package. Stock option grants are subject to necessary regulatory approvals.
