Legacy Gold Grants Stock Options

Executive Summary

• Legacy Gold Mines Ltd. has granted incentive stock options for 1,750,000 common shares at an exercise price of $0.80 per share.
• The Company confirmed the issuance of 825,490 finder's shares to John Tumazos at a deemed price of $0.30 per share, following the recently announced $10 million non-brokered private placement.

Key Details

• Stock Option Grant:
  • Total Shares: 1,750,000 common shares.
  • Exercise Price: $0.80 per share.
  • Vesting Schedule: One-half (50%) vests immediately; the remaining one-half (50%) vests on the first anniversary of the grant date.
  • Expiration: Five years from the date of grant.
  • Recipients: 1,300,000 options granted to officers and directors; 450,000 options granted to consultants.
  • Approval: The grant is subject to approval by the TSX Venture Exchange.
• Financing Confirmation (Finder's Shares):
  • Shares Issued: 825,490 common shares.
  • Recipient: John Tumazos of Florida.
  • Deemed Price: $0.30 per share.
  • Context: These shares were issued as finder's shares in relation to the $10 million non-brokered private placement announced on April 16, 2026.