A2 Gold sets up warrant exercise incentive program

Executive Summary

• A2 Gold Corp. announced a 30-day incentive program to encourage early exercise of 10.5 million outstanding common share purchase warrants.
• Participants exercising warrants during the incentive window will receive one-third additional warrants per warrant exercised, exercisable at $1.00 per share for 12 months.
• The program is contingent on TSX Venture Exchange approval and subjects new warrants to a statutory hold period, while unexercised warrants retain their original terms and expiration.

Key Details

• Eligible Warrants: 10.5 million common share purchase warrants issued in a private placement that closed on Sept. 5, 2025.
• Original Warrant Terms: Exercisable at $0.70 per share until March 5, 2027.
• Incentive Period: 30 days, commencing Dec. 29, 2025, and expiring at 4 p.m. PT on Jan. 28, 2026.
• Incentive Structure: Each eligible warrant exercised during the period entitles the holder to one-third (1/3) of an additional common share purchase warrant.
• Incentive Warrant Terms: Each whole incentive warrant is exercisable at $1.00 per share for a period of 12 months from the date of issuance.
• Statutory Hold Period: All incentive warrants and any underlying common shares issued upon exercise are subject to a 4-month and 1-day hold period per Canadian securities laws.
• Post-Incentive Terms: Unexercised eligible warrants continue under original terms until March 5, 2027. No incentive warrants will be issued for exercises occurring after the incentive period.
• Regulatory Conditions: Program is subject to all necessary regulatory approvals, including final approval from the TSX Venture Exchange.
• Stock Option Clarification: Correction to a previously announced Oct. 28, 2025 stock option grant to Machai Capital Inc. (250,000 options), clarifying that the expiration date is 15 months from the date of grant.