Galloper Announces Option Grant

Rhea-AI Summary

Galloper Gold (CSE: BOOM, OTC Pink: GGDCF) has granted incentive stock options to an officer and director and to a consultant. The grant covers 2,000,000 common shares at an exercise price of $0.07 per share, exercisable for up to five years under Galloper’s omnibus equity incentive plan.

Positive

• 2,000,000 incentive stock options granted to key personnel and consultant
• Exercise price set at $0.07 per share with up to five-year term
• Options issued under existing omnibus equity incentive plan, indicating structured compensation framework

Negative

• Grant of 2,000,000 new options may lead to potential share dilution for existing shareholders

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Vancouver, British Columbia--(Newsfile Corp. - August 24, 2026) - Galloper Gold Corp. (CSE: BOOM) (OTC Pink: GGDCF) (the "Company" or "Galloper") announces that it has granted incentive stock options ("Options") to purchase a total of 2,000,000 common shares at an exercise price of $0.07 per common share for a period of up to five (5) years to an officer and director and a consultant of the Company in accordance with the provisions of its omnibus equity incentive plan.

About Galloper Gold Corp.

Galloper is focused on mineral exploration in the Central Newfoundland Gold Belt with its flagship Glover Island Property, 24 km southeast of Corner Brook.

For more information please visit www.GalloperGold.com and the Company's profile on SEDAR+ at www.sedarplus.ca.

On behalf of the Board of Directors,

Mr. Hratch Jabrayan
CEO and Director
Galloper Gold Corp.

Company Contact:

info@gallopergold.com
Tel: 778-655-9266

Investor Relations:
Hratch Jabrayan: Hratch@gallopergold.com

LinkedIn: https://www.linkedin.com/company/gallopergold/
X: https://x.com/Gallopergold?s=20
You Tube: www.youtube.com/@gallopergold

Neither the Canadian Securities Exchange nor its Regulation Services Provider 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/311268

FAQ

What did Galloper Gold (OTC: GGDCF) announce on August 24, 2026?

Galloper Gold announced the grant of incentive stock options covering 2,000,000 common shares. According to Galloper Gold, these options were issued to an officer and director and a consultant, with defined terms under its omnibus equity incentive plan and a multi‑year exercise period.

How many stock options did Galloper Gold (GGDCF) grant and at what exercise price?

Galloper Gold granted options to purchase 2,000,000 common shares at an exercise price of $0.07 per share. According to Galloper Gold, these options can be exercised over a period of up to five years as part of its omnibus equity incentive plan.

Who received the new stock options from Galloper Gold (CSE: BOOM, OTC: GGDCF)?

The new stock options were granted to an officer and director and a consultant of Galloper Gold. According to Galloper Gold, the awards were made under its omnibus equity incentive plan as part of the company’s approach to incentive-based compensation for key individuals.

What is the term of the Galloper Gold (GGDCF) stock options granted in August 2026?

The granted stock options are exercisable for up to five years from the grant date. According to Galloper Gold, holders may purchase common shares at $0.07 during this period, subject to the provisions of the company’s omnibus equity incentive compensation plan.

How could Galloper Gold’s 2,000,000 option grant affect GGDCF shareholders?

The option grant could increase the number of Galloper Gold shares outstanding if exercised. According to Galloper Gold, 2,000,000 options at $0.07 per share were issued, which may result in dilution for existing shareholders if all options are eventually converted into common shares.

What is Galloper Gold’s main business focus mentioned with the GGDCF option grant?

Galloper Gold is focused on mineral exploration in the Central Newfoundland Gold Belt. According to Galloper Gold, its flagship asset is the Glover Island Property, located about 24 km southeast of Corner Brook, which underpins the company’s exploration-driven growth strategy.