Endurance Engages Investor Relations Consultant

Rhea-AI Summary

Endurance Gold Corporation has engaged two investor relations consultants to enhance its market presence. Rayleigh Capital Ltd. will provide investor relations services from June 1, 2025 to May 31, 2026 for US$3,500 monthly, receiving 100,000 stock options at $0.21 per share. Additionally, Freeform Communications Inc., serving since February 2020, will receive 50,000 stock options at $0.21 per share and continue its services for C$3,000 monthly. Both option grants are subject to TSX Venture Exchange approval and standard vesting terms for IR service providers.

Positive

• Company is investing in expanding its investor outreach through professional IR firms
• Engagement of global IR firm Rayleigh could help increase international exposure
• Stock options align IR consultants' interests with shareholders

Negative

• Additional monthly cash expenses of approximately US$3,500 and C$3,000 for IR services
• Potential dilution from 150,000 new stock options at $0.21 per share

News Market Reaction – ENDGF

+19.52%

1 alert

+19.52% News Effect

On the day this news was published, ENDGF gained 19.52%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - June 2, 2025) - Endurance Gold Corporation (TSXV: EDG) (OTCQB: ENDGF) (FSE: 3EG) (the "Company") announces that the Company has engaged Rayleigh Capital Ltd. ("Rayleigh") to provide investor relations services commencing effective June 1, 2025 and continuing until May 31, 2026 or such time as the agreement is terminated. Rayleigh focuses on global investor relations for junior and small cap companies specializing at exposing companies to a wide audience of investment professionals. Rayleigh services clients in North America and Europe.

Services provided by Rayleigh include existing investor and new investor outreach. Rayleigh will receive an amount of US$3,500 per month as remuneration for services provided. In addition, Rayleigh will be granted 100,000 stock options (the "Options") at an exercise price of $0.21 per share for a period of 2 years from the date of grant.

In addition to its existing share option grants, the Company will also grant a further 50,000 Options to Freeform Communications Inc. ("Freeform"), at an exercise price of $0.21 per share for a period of 2 years from the date of grant. Freeform is a Vancouver-based Investor Relations Consultant that has been engaged by Endurance since February 2020 and will also receive an amount of C$3,000 per month as remuneration for investor relations services provided.

The Options granted to Rayleigh and Freeform are subject to the approval of the TSX Venture Exchange (the "Exchange") and are subject to the vesting terms as per the Exchange's policy on options granted to Investor Relations Services Provider.

ENDURANCE GOLD CORPORATION

Robert T. Boyd

FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707, info@endurancegold.com
www.endurancegold.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 news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254141

FAQ

What are the terms of Endurance Gold's (ENDGF) new investor relations agreement with Rayleigh Capital?

Rayleigh Capital will provide IR services from June 1, 2025 to May 31, 2026 for US$3,500 monthly and receive 100,000 stock options at $0.21 per share with a 2-year term.

How many stock options is Endurance Gold (ENDGF) granting to its IR consultants?

Endurance Gold is granting a total of 150,000 stock options - 100,000 to Rayleigh Capital and 50,000 to Freeform Communications, both at $0.21 per share with a 2-year term.

What is the monthly cost of Endurance Gold's IR consulting services?

Endurance Gold will pay US$3,500 monthly to Rayleigh Capital and C$3,000 monthly to Freeform Communications for IR services.

How long has Freeform Communications been working with Endurance Gold (ENDGF)?

Freeform Communications has been engaged as an IR consultant for Endurance Gold since February 2020.