District Announces Equity Grant

Executive Summary

• District Metals Corp. announced the grant of equity compensation to its directors, officers, employees, and consultants.
• The grants include 2,820,000 incentive stock options, 775,000 restricted share units (RSUs), and 600,000 deferred share units (DSUs).
• Stock options vest over three years and carry a $0.75 exercise price for a five-year term, while RSUs and DSUs vest in twelve months.

Key Details

• Incentive stock options granted: 2,820,000
• Restricted share units (RSUs) granted: 775,000
• Deferred share units (DSUs) granted: 600,000
• Option exercise price: $0.75 per common share (based on the June 4, 2026 closing price)
• Option term: Five years from the grant date
• Option vesting schedule: Three years from the grant date
• RSU/DSU terms: Each represents a right to acquire one common share, cash equivalent, or combination thereof in accordance with the Omnibus Incentive Plan
• RSU/DSU vesting schedule: Twelve months from the grant date
• Governing framework: District Metals Corp. Omnibus Incentive Plan