/C O R R E C T I O N -- 1911 Gold Corporation/

Rhea-AI Summary

1911 Gold (OTCQX:AUMBF, TSXV:AUMB) granted 125,000 deferred share units (DSUs) to four directors under its Long-Term Incentive Plan, covering director fees for Q1 2026. Each DSU converts to one share or, in certain cases, a cash equivalent when the director ceases to serve.

News Market Reaction – AUMBF

+0.90%

+0.90% Session close to close

In the May 8 session, AUMBF gained 0.90%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

In the news release, 1911 Gold Announces Grant of Deferred Share Units, issued 08-May-2026 by 1911 Gold Corporation over CNW, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:

1911 Gold Announces Grant of Deferred Share Units

VANCOUVER, BC, May 8, 2026 /PRNewswire/ - 1911 Gold Corporation ("1911 Gold" or the "Company") (TSXV: AUMB) (OTCQX: AUMBF) (FRA: 2KY), announces that it has granted 125,000 deferred share units ("DSU") to four directors under the Company's Long-Term Incentive Plan in respect of director fees incurred in the first quarter of 2026. Each DSU entitles the holder to receive one share of the Company, or in certain circumstances, a cash payment equal to the value of one share of the Company, at the time the holder ceases to be a director of the Company.

About 1911 Gold Corporation

1911 Gold is an advanced gold explorer and developer focused on its 100%-owned True North Gold Project in the Archean Rice Lake Greenstone Belt in Manitoba, Canada. The Company controls a large, highly prospective ~62,000-hectare land package with numerous past-producing gold operations within trucking distance of the fully built and permitted True North mine and mill complex. 1911 Gold is positioning itself to restart operations in 2027 and offers a unique, near-term production opportunity with significant exploration upside. The strategy is to build a district-scale gold mining operation around a central and readily expandable infrastructure complex to support a socially and environmentally responsible, long-term mining operation with little development risk and a growing mineral resource base.

1911 Gold's True North complex and the exploration land package are located within and among the First Nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, cooperative, and respectful communications with all of our local communities and stakeholders to foster mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS
Shaun Heinrichs
President and CEO

www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, the Company's current business plans, including the potential mine restart in 2027; and generally, the plans, operations and prospects of the Company, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

In addition, readers are directed to review the detailed risk discussion in the Company's Annual Management's Discussion & Analysis for the year ended December 31, 2025, filed on SEDAR+, which discussions are incorporated by reference in this news release, for a fuller understanding of the risks and uncertainties that affect the Company's business and operations.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Neither 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.

Correction: The year in the first paragraph, referring to director's fees incurred, has changed from "2065" to "2026."

View original content to download multimedia:https://www.prnewswire.com/news-releases/1911-gold-announces-grant-of-deferred-share-units-302766992.html

SOURCE 1911 Gold Corporation

FAQ

What did 1911 Gold (AUMBF) announce on May 8, 2026 about director compensation?

The company granted 125,000 DSUs to four directors for Q1 2026 director fees. According to the company, each DSU converts to one share or a cash equivalent when the holder leaves the board.

How do the 1911 Gold DSUs (AUMBF) convert into shares or cash?

Each deferred share unit converts to one common share or, in specified circumstances, a cash payment equal to one share's value. According to the company, conversion occurs when the director ceases to be a director.

Does the DSU grant for 1911 Gold (AUMBF) dilute existing shareholders?

The announcement states 125,000 DSUs were granted, which may convert to shares on termination of service. According to the company, conversion mechanics determine dilution; the release does not state immediate share issuance or dilution percentage.

Why did 1911 Gold (AUMBF) use DSUs for Q1 2026 director fees?

The company granted DSUs under its Long-Term Incentive Plan to compensate directors for Q1 2026 fees. According to the company, DSUs align director compensation with shareholder interests by deferring payout until board service ends.

Who received the 125,000 DSUs at 1911 Gold (AUMBF) and when do they vest?

Four directors received the 125,000 DSUs for Q1 2026 director fees. According to the company, each DSU entitles the holder to a share or cash upon ceasing to be a director; the release does not specify additional vesting conditions.