P2 Gold Announces Stock Option Grant for 1.625 Million Shares

P2 Gold Inc. has granted 1.625 million stock options to directors, officers, employees, and consultants, with an exercise price of $0.11 per share, expiring on May 27, 2027. The total outstanding stock options are 6.375 million, representing 4.2% of the outstanding common shares. This grant is subject to TSX Venture Exchange approval.

P2 Gold Inc. (TSXV: PGLD) has announced the granting of 1.625 million stock options to its directors, officers, employees, and consultants. The options, with an exercise price of $0.11 per share, are set to expire on May 27, 2027 [1]. Following this grant, the company has a total of 6.375 million stock options outstanding, representing approximately 4.2% of its outstanding common shares. This stock option grant is subject to acceptance by the TSX Venture Exchange (the "Exchange").

P2 Gold Inc. is a mineral exploration and development company focused on advancing its gold-copper Gabbs Project on the Walker Lane Trend in Nevada. The project has a positive preliminary economic assessment outlining a long-life, mid-size mine with an annual average production of 104,000 ounces gold and 13,500 tonnes copper over a 14.2-year mine life. The Gabbs Project boasts excellent infrastructure, including access via paved Highway 361 and on-site power and water. Additional metallurgical testing is ongoing, with a water permit expected in the second quarter of this year.

The stock option grant is part of P2 Gold Inc.'s Stock Option Plan and is subject to the acceptance by the TSX Venture Exchange. This move aligns with the company's strategy to reward key personnel and attract top talent, while also providing a potential incentive for future performance.

The announcement comes amidst ongoing exploration activities and development plans for the Gabbs Project. The company's forward-looking information includes estimates and assumptions related to the project's internal rate of return and net present value at a 5% discount rate, as well as other exploration and development risks.

For further information, investors are encouraged to refer to the company's annual information form filed on SEDAR+ at www.sedarplus.com. Contact Joseph Ovsenek, President & CEO, at (778) 731-1055, or Michelle Romero, Executive Vice President, at (778) 731-1060.

References:
[1] https://www.newswire.ca/news-releases/p2-gold-announces-option-grant-857111642.html