EarthLabs Grants Incentive Stock Options

Rhea-AI Summary

EarthLabs grants 13.4M incentive stock options, positive for employees and consultants

Positive

• Incentive stock options granted to directors, officers, employees, and consultants

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - September 8, 2023) - EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) ("EarthLabs" or the "Company"), a leading mineral exploration technology and investment company, announces that it has granted an aggregate of 13,400,000 incentive stock options (the "Options") of the Company. Of this number, 8,550,000 Options have been granted to its directors and officers, and 4,850,000 to employees and consultants of the Company. Each Option, subject to vesting provisions, entitles its holder to purchase one common share of the Company at a price of $0.20 per share for a five-year term expiring on September 8, 2028.

About EarthLabs Inc.

EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) is a mining investment and technology company that aims to maximize torque to the junior resource sector with $50M in cash and investments, a royalty portfolio and a full suite of data-driven media SaaS tools and services, including CEO.CA, the largest social media platform for resource investors, and DigiGeoData, a software-based interactive mapping interface which provides earth modeling, geology data management, and specialized financial products.

For further information please contact:

Denis Laviolette
Executive Chairman and CEO
EarthLabs Inc.
Tel: 647-345-7768
Email: investors@earthlabs.com

Neither the TSX Venture Exchange ("TSXV"), OTC Best Market ("OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement on Forward-Looking Information

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, factors effecting the Company's investees such as the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/180086