Big Ridge Gold Corp Grant of Incentive Stock Options and Share-Based Compensation

Rhea-AI Summary

Big Ridge Gold Corp (OTCQB: ALVLF) granted share-based compensation effective October 3, 2025. The company awarded 1,750,000 stock options to officers under its Amended and Restated Option Plan, exercisable at $0.19 per share, expiring October 3, 2030, and vesting in equal tranches on Oct 3, 2025; 2026; 2027. It also granted 575,000 Restricted Share Units (RSUs) vesting on October 3, 2026, and 400,000 cash-settled Deferred Share Units (DSUs) that vest on award. These awards target officers and non-executive directors under the company's RSU and DSU plans.

Positive

• 1,750,000 options awarded to officers at $0.19 exercise price
• 575,000 RSUs granted with Oct 3, 2026 vesting date

Negative

• 2,325,000 equity-linked awards (options + RSUs) could increase share count if settled or exercised

Toronto, Ontario--(Newsfile Corp. - October 6, 2025) - Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) ("Big Ridge" or the "Company") has awarded share-based compensation to certain officers and non-executive directors, with all awards effective October 3, 2025.

Big Ridge awarded a total of 1,750,000 options to its officers under the terms of the Company's Amended and Restated Option Plan. These options are exercisable at a price of $0.19 per share, expire on October 3, 2030, and vest in equal tranches on October 3, 2025, 2026, and 2027. In addition, Big Ridge awarded a total of 575,000 Restricted Share Units ("RSUs") to its officers and directors under the terms of the Company's Amended and Restated RSU Plan, with each RSU vesting on October 3, 2026, and a total of 400,000 cash-settled Deferred Share Units ("DSU"), with each DSU vesting upon award.

About Big Ridge Gold Corp.

Big Ridge Gold Corp. is an exploration and development company managed by a disciplined and experienced team of officers and directors. The Company is committed to the development of advanced stage mining projects using industry best practices combined with strong social license from our local communities. Big Ridge owns an 100% interest in the Hope Brook Gold Project, located in Newfoundland and Labrador. Big Ridge also owns 100% interest in the highly prospective Oxford Gold Project located in Manitoba and the Destiny Gold Project in Quebec.

Acknowledgement

Big Ridge acknowledges and appreciates the Newfoundland and Labrador Ministry of Natural Resources' financial support of the Company's 2023 exploration programs through the Junior Exploration Assistance (JEA) Program.

For more details regarding the Company's projects, please visit our website at www.bigridgegold.com.

ON BEHALF OF THE BOARD,

Mike Bandrowski,
President & CEO

Mike Bandrowski,
President & CEO
BIG RIDGE GOLD CORP.
18 King St. East, Suite 1400
Toronto, ON, M5C 1C4
Tel: 416-540-5480
Email: Mike@bigridgegold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.

Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations, or beliefs regarding future events, and include, without limitation, statements with respect to Big Ridge's intentions with respect to Caprock's shares. All forward-looking statements are based on Big Ridge's and its employees' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political, and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. When relying on our forward-looking statements to make decisions with respect to Big Ridge, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Big Ridge does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269247

FAQ

How many stock options did Big Ridge Gold (ALVLF) grant on October 3, 2025?

Big Ridge granted 1,750,000 options effective October 3, 2025.

What is the exercise price and expiry for ALVLF options awarded October 3, 2025?

The options are exercisable at $0.19 per share and expire on October 3, 2030.

When do the RSUs granted by Big Ridge Gold (ALVLF) vest?

The 575,000 RSUs vest on October 3, 2026.

How many Deferred Share Units did ALVLF grant and how are they settled?

Big Ridge granted 400,000 DSUs, which are cash-settled and vest upon award.

What is the potential shareholder impact of ALVLF's October 2025 awards?

The awards comprise 2,325,000 equity-linked instruments (options + RSUs) that could increase outstanding shares if exercised or settled in stock.