Rocky Shore Closes Brady Property Acquisition and Grants Options

Executive Summary

• Rocky Shore Gold completed its purchase of the Brady Property, paying $75,000 cash and issuing 1,000,000 common shares, with NSR terms attached.
• The company also made the first $100,000 cash payment under the Huxter Lane Option Agreement and issued 2,000,000 common shares to optionors.
• An incentive stock option grant of 5,100,000 options was announced, exercisable at $0.20 per share with a five‑year term.

Key Details

• Brady Property Purchase:
• Cash payment: $75,000
• Shares issued to vendor: 1,000,000 common shares

• Vendor retains 0.5 % NSR (repurchase right for $250,000 cash) and an underlying 2 % NSR (repurchase right for $1,000,000 cash).

• Huxter Lane Option Agreement:

• Initial cash payment: $100,000

• Shares issued to optionors: 2,000,000 common shares.

• Hold Periods:

• Shares from both agreements subject to a four‑month plus one day hold period, expiring April 13 2026.

• Incentive Stock Options Grant:

• Total options granted: 5,100,000 under the omnibus equity incentive plan.
• Exercise price: $0.20 per share.
• Term: five years, expiring December 12 2030.

• Vesting schedule: 50 % vest immediately, remaining 50 % on December 12 2026; all subject to the same four‑month hold period from issuance.

• Qualified Person: Ken Lapierre, P.Geo., President & CEO, reviewed and approved the technical information per NI 43‑101.

Notable Quotes

(No direct quotes provided in the release.)