Tiernan Gold Announces Grant of Compensation Securities

Executive Summary

• Tiernan Gold Corp. has granted a combination of stock options, Restricted Share Units (RSUs), and Performance Share Units (PSUs) to an eligible participant under the Company's Omnibus Equity Incentive Plan.
• The grants are subject to specific vesting schedules and performance criteria as outlined in the Company's incentive plan.

Key Details

• Stock Options: 13,981 options granted at an exercise price of $8.69 per share; expires five years from grant date; vests in three equal annual installments on the first, second, and third anniversaries of the grant date.
• Restricted Share Units (RSUs): 156,290 RSUs granted; expires five years from grant date; vests in three equal annual installments on the first, second, and third anniversaries of the grant date.
• Performance Share Units (PSUs): 12,581 PSUs granted; subject to a three-year performance period and achievement of applicable performance criteria; expire on April 8, 2031.
• Plan Limitation: The maximum number of common shares issuable under the Omnibus Equity Incentive Plan, including all other security-based compensation arrangements, shall not exceed 10% of the Company's issued and outstanding common shares at the time of any award grant.