Corporate Update - TSXV Disclosure

Rhea-AI Summary

Tempus Resources Ltd (OTCQB: TMRFF) announced the grant of 2,440,000 incentive stock options to its directors, officers, and consultants. The options are exercisable at a price of $0.31 per share and will expire on December 3, 2024. This action follows the company's growth strategy within the gold exploration sector, focusing on projects in Canada and Ecuador. Tempus is currently progressing a drill program at its flagship Elizabeth-Blackdome project, aimed at updating resource estimates in accordance with NI43-101/JORC standards.

Positive

• Granting of 2,440,000 stock options indicates confidence in staff and potential for future growth.
• Ongoing drill program at Elizabeth-Blackdome project may lead to updated resource estimates, enhancing value.

Negative

• None.

PERTH, AUSTRALIA / ACCESSWIRE / February 14, 2022 / Tempus Resources Ltd ("Tempus" or the "Company") (ASX:TMR)(TSXV:TMRR)(OTCQB:TMRFF) announces that it has granted an aggregate of 2,440,000 incentive stock options ("Stock Options") under the Company's stock option plan to directors, officers and consultants of the company exercisable at a price of $0.31 per share, expiring 3 December, 2024.

Refer to Tempus announcements regarding "Notification regarding unquoted securities" (ASX Appendix 3G disclosure) on 3 December 2021.

This announcement has been authorised by the Melanie Ross, Director & Company Secretary of Tempus Resources Limited.

For further information:

TEMPUS RESOURCES LTD
Melanie Ross - Director/Company Secretary Phone: +61 8 6188 8181

About Tempus Resources Ltd

Tempus Resources Ltd ("Tempus") is a growth orientated gold exploration company listed on ASX ("TMR") and TSX.V ("TMRR") and OTCQB ("TMRFF") stock exchanges. Tempus is actively exploring projects located in Canada and Ecuador. The flagship project for Tempus is the Elizabeth-Blackdome Project, a high-grade gold past producing project located in Southern British Columbia. Tempus is currently midway through a drill program at Elizabeth-Blackdome that will form the basis of an updated NI43-101/JORC resource estimate. The second key group of projects for Tempus are the Rio Zarza and Valle del Tigre projects located in south east Ecuador.

SOURCE: Tempus Resources Ltd

View source version on accesswire.com:
https://www.accesswire.com/688562/Corporate-Update--TSXV-Disclosure

FAQ

What did Tempus Resources Ltd announce on February 14, 2022?

Tempus Resources Ltd announced the grant of 2,440,000 stock options to directors and officers, exercisable at $0.31 per share, expiring on December 3, 2024.

What is the significance of the stock options granted by Tempus Resources?

The stock options grant reflects management's confidence and is designed to incentivize key personnel, potentially impacting future company performance.

What projects is Tempus Resources Ltd currently focusing on?

Tempus Resources is focusing on its Elizabeth-Blackdome project in Canada and the Rio Zarza and Valle del Tigre projects in Ecuador.

What is the exercise price of the stock options granted by Tempus Resources?

The stock options are exercisable at a price of $0.31 per share.