Enduro Metals Announces Grant of Options and RSUs Pursuant to its Equity Incentive Plan

Rhea-AI Summary

Enduro Metals (ENDMF) grants incentive stock options and restricted share units to consultants, officers, and directors. The grant includes 1,400,000 common shares with an exercise price of $0.40 per share and 300,000 restricted share units. All options vest immediately and expire in five years, while RSUs vest after one year. The approvals are pending from the TSX Venture Exchange.

Kelowna, British Columbia--(Newsfile Corp. - April 4, 2024) - Enduro Metals Corporation (TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG0) ("Enduro Metals" or the "Company") today announced the grant of incentive stock options to purchase up to an aggregate of 1,400,000 common shares in the capital of the Company (the "Common Shares") with an exercise price of $0.40 per share (the "Options") to consultants, officers and directors of the Company. All the Options vest immediately and will expire five years from the date of grant.

The Company also issued an aggregate of 300,000 restricted share units ("RSUs") to Directors of the Company. Each RSU entitles the holder to acquire one Common Share on vesting. The RSUs will vest 1 year after the date of grant.

The grant of the Options and RSUs is subject to the approval of the TSX Venture Exchange.

About Enduro Metals

Enduro Metals is an exploration company focused on its Newmont Lake Project; a total 688km² property located between Eskay Creek, Snip, and Galore Creek within the heart of British Columbia's Golden Triangle. Building on prior results, the Company's geological team have outlined multiple deposit environments of interest across the Newmont Lake Project including high-grade epithermal/skarn gold along the McLymont Fault, copper-gold alkalic porphyry mineralization at Burgundy, newly discovered copper-gold porphyry mineralization at North Toe, and a large 10km x 4km geochemical anomaly hosting various gold, silver, copper, zinc, nickel, cobalt, and lead mineralization along the newly discovered Chachi Corridor.

On Behalf of the Board of Directors,

ENDURO METALS CORPORATION

"Cole Evans"
Chief Executive Officer

For further information please contact:
Corporate Communications

Ali Wasiliew - Manager of Communications
Tel: +1 (236) 420-4050
Email: wasiliew@endurometals.com

www.endurometals.com

Forward-Looking Statements

This news release contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Enduro's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this news release include expectations that the TSX Venture Exchange will approve the grant of Options and RSUs and all other statements that are not historical in nature.

Although Enduro believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

The forward-looking information contained in this news release represents the expectations of the company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204400

FAQ

How many common shares were granted by Enduro Metals (ENDMF) in the recent announcement?

Enduro Metals granted 1,400,000 common shares in the recent announcement.

What is the exercise price per share for the incentive stock options granted by Enduro Metals (ENDMF)?

The exercise price per share for the incentive stock options granted by Enduro Metals is $0.40.

When do the restricted share units (RSUs) vest after being granted by Enduro Metals (ENDMF)?

The restricted share units (RSUs) granted by Enduro Metals vest one year after the date of grant.

Who are the recipients of the incentive stock options and restricted share units granted by Enduro Metals (ENDMF)?

The incentive stock options and restricted share units were granted to consultants, officers, and directors of Enduro Metals

What is the expiration period for the incentive stock options granted by Enduro Metals (ENDMF)?

The incentive stock options granted by Enduro Metals expire five years from the date of grant.