Mojave Announces Stock Option Grant

Rhea-AI Summary

Mojave Gold Corp. (TSXV:MOJ, OTCBB:MOJGF) has lifted the management cease trade order (MCTO) effective February 18, 2021, following the completion of all required filings with the British Columbia Securities Commission. Additionally, the Company announced stock option agreements allowing the purchase of 2,700,000 common shares at $0.42 per share, exercisable until February 18, 2026. This development signifies a positive step for the Company's governance and future capital structure.

Positive

• MCTO lifted, indicating compliance with regulatory requirements.
• Stock option agreements enhance employee incentives and align interests with shareholders.

Negative

• None.

VANCOUVER, British Columbia, Feb. 18, 2021 (GLOBE NEWSWIRE) -- MOJAVE GOLD CORP. (TSXV:MOJ) (OTCBB:MOJGF) (“Mojave” or the “Company”) is pleased to announce that all required filings have been filed. As a result of the management cease trade order (the “MCTO”) that was granted by British Columbia Securities Commission on December 30, 2020, the MCTO has been lifted.

The Company also wishes to announce that it has entered into stock option agreements granting the right and option to purchase 2,700,000 common shares of the Company at $0.42 per common share exercisable in whole or in part on or before five years from February 18, 2026.

On behalf of the Board of Directors

“Greg Bronson”

President / CEO

Mojave Gold Corp.

For more information contact Greg Bronson, President

info@Mojavegoldcorp.com

Forward Looking Statements

Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbour.

FAQ

What does the lifting of the MCTO mean for Mojave Gold Corp. (MOJGF)?

The lifting of the MCTO means Mojave Gold Corp. is now compliant with regulatory requirements, allowing it to operate without restrictions.

How many common shares can be purchased under the stock option agreements by Mojave Gold Corp. (MOJGF)?

Mojave Gold Corp. has entered into stock option agreements allowing the purchase of 2,700,000 common shares at $0.42 per share.

What is the expiration date for the stock options granted by Mojave Gold Corp. (MOJGF)?

The stock options granted by Mojave Gold Corp. are exercisable on or before February 18, 2026.