Bayridge Announces Cancellation of Stock Options

Rhea-AI Summary

Bayridge Resources (OTCQB: BYRRF) announced cancellation of 3,050,000 stock options, effective October 6, 2025. The cancelled Options were held by certain directors, officers, employees and consultants.

Cancellation breakdown:

• 600,000 options granted April 5, 2024 at an exercise price of $0.57
• 1,450,000 options granted April 26, 2024 at an exercise price of $0.64
• 1,000,000 options granted January 29, 2025 at an exercise price of $0.06

Vancouver, British Columbia--(Newsfile Corp. - October 7, 2025) - Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRRF) (FSE: O0K0) ("Bayridge" or the "Company") announces that it has cancelled an aggregate of 3,050,000 stock options of the Company (the "Options") previously held by certain directors, officers, employees, and consultants of the Company. The subject Options were cancelled effective October 6, 2025, and are comprised of 600,000 Options previously granted on April 5, 2024 at an exercise price of $0.57 per share, 1,450,000 Options previously granted on April 26, 2024 at an exercise price of $0.64 per share, and 1,000,000 Options previously granted on January 29, 2025 at an exercise price of $0.06 per share.

About Bayridge Resources Corp.

Bayridge Resources Corp. is a green energy company advancing its portfolio of Canadian mineral projects. The 1,337 ha Waterbury East project is located 25 km northeast of the Cigar Lake Mine in the northeastern Athabasca Basin region. Geophysical surveys have identified a 7 km long conductivity corridor where mid-2000's drilling highlighted faulted and altered basement rock with local uranium enrichment. Large sections of this corridor remain untested.

ON BEHALF OF THE BOARD OF DIRECTORS:

For more information, please contact:

Saf Dhillon, Director, Chief Executive Officer and President
E-mail: saf@bayridgeresources.com
Tel: 604-484-3031

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note on Forward-Looking Information

This release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation based on current expectations, estimates, forecasts, projections, beliefs and assumptions made by management of the Company. Forward-looking information is generally identified by words such as "believe", "project", "aim", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", and similar expressions. Although the Company believes that the expectations and assumptions on which such forward-looking information are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that it will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking information in this news release. The forward-looking information included in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269554

FAQ

What did Bayridge (BYRRF) announce on October 7, 2025?

Bayridge announced the cancellation of 3,050,000 stock options, effective October 6, 2025.

Which option grants were cancelled by Bayridge and at what exercise prices?

Cancelled grants: 600,000 (Apr 5, 2024) at $0.57, 1,450,000 (Apr 26, 2024) at $0.64, and 1,000,000 (Jan 29, 2025) at $0.06.

Who held the cancelled Bayridge (BYRRF) options?

The cancelled options were previously held by certain directors, officers, employees and consultants of the company.

When did the Bayridge option cancellations become effective?

The cancellations became effective on October 6, 2025.

Does the announcement state how the cancellations affect outstanding shares or dilution for BYRRF?

The announcement only discloses the 3,050,000 cancelled options; it does not provide total outstanding share or option counts or quantify dilution impact.