Blackrock Silver Announces Grant of Long-Term Incentive Awards

Rhea-AI Summary

Blackrock Silver (OTCQX: BKRRF) granted long‑term incentive awards on January 20, 2026 totaling 824,380 stock options, 344,766 performance share units (PSUs) and 86,538 deferred share units (DSUs) under its Omnibus Equity Incentive Compensation Plan.

Stock options carry an exercise price of $1.57, vest one‑third on each of the first three anniversaries and expire January 19, 2031. PSUs vest one‑third annually over three years and are subject to corporate and individual performance criteria; settlement may be in common shares, cash equal to fair market value, or a combination. DSUs vest in full on January 19, 2027 and settle on termination of service. Further Plan details are referenced in the company’s management information circular.

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Vancouver, British Columbia--(Newsfile Corp. - January 20, 2026) - Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) (FSE: AHZ0) (the "Company" or "Blackrock") announces that it has granted an aggregate total of 824,380 stock options ("Stock Options"), 344,766 performance share units ("PSUs") and 86,538 deferred share units ("DSUs") to certain directors, management and consultants of the Company and its Nevada subsidiary pursuant to the Company's Omnibus Equity Incentive Compensation Plan (the "Plan").

Each Stock Option entitles the recipient to purchase one common share of the Company (each, a "Common Share") at an exercise price per Common Share of $1.57 and will vest as to one-third on each of the first, second and third anniversaries of the date of grant and will expire on January 19, 2031.

Each PSU entitles the recipient to receive one Common Share, or a cash payment equal to the Fair Market Value (as defined in the Plan) of the Common Shares on the vesting date, or a combination of Common Shares and cash, as determined in the sole discretion of the Compensation Committee of the Board of Directors of the Company. The PSUs awarded will vest as to one-third on each of the first, second and third anniversaries of the date of grant, subject to the achievement of certain corporate and individual performance criteria.

Each DSU entitles the recipient to receive one Common Share upon settlement of the DSU. The DSUs awarded will fully vest on the first anniversary of the date of grant date, being January 19, 2027, and will settle on the DSU holder's termination of service with the Company.

For further information regarding the Plan, readers are encouraged to review the management information circular (the "Circular") prepared for the Company's annual general meeting of shareholders held on November 21, 2025, which includes a summary of the material terms of the Plan. The Circular is available under the Company's profile on SEDAR+ (www.sedarplus.ca) and by visiting the Company's website (www.blackrocksilver.com).

About Blackrock Silver Corp.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration and development company driven to add shareholder value. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR at www.sedarplus.ca.

For further information, please contact:

Andrew Pollard, President & Chief Executive Officer
Blackrock Silver Corp.
Phone: 604 817-6044
Email: andrew@blackrocksilver.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280911

FAQ

How many stock options did Blackrock Silver (BKRRF) grant on January 20, 2026?

Blackrock Silver granted 824,380 stock options on January 20, 2026.

What is the exercise price and expiry date of the BKRRF stock options?

Each option has an exercise price of $1.57 and expires on January 19, 2031.

When do the PSUs awarded by Blackrock Silver (BKRRF) vest and what are the payout options?

PSUs vest one‑third on each of the first, second and third anniversaries and may settle in common shares, cash equal to fair market value, or a mix, subject to performance criteria.

When do the DSUs granted to Blackrock Silver (BKRRF) vest and when are they paid out?

The DSUs fully vest on January 19, 2027 and are settled (paid out) upon the holder’s termination of service.

Do the Blackrock Silver incentive awards depend on performance metrics?

Yes. The PSUs vesting is subject to specified corporate and individual performance criteria as set by the compensation committee.