Galloper Announces Option Grant

Rhea-AI Summary

Galloper Gold Corp. (CSE: BOOM) (OTC Pink: GGDCF) has announced the grant of incentive stock options to one of its officers and directors. The grant consists of 500,000 common shares with an exercise price set at $0.05 per share. These options have been issued under the company's omnibus equity incentive plan and will remain exercisable for a period of 12 months.

Positive

• Alignment of management interests with shareholders through equity compensation

Negative

• Potential dilution of existing shareholders if options are exercised
• Low exercise price of $0.05 per share may indicate current market challenges

Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - Galloper Gold Corp. (CSE: BOOM) (OTC Pink: GGDCF) (the "Company" or "Galloper") announces that it has granted incentive stock options to purchase a total of 500,000 common shares at an exercise price of $0.05 per common share for a period of 12 months to an officer and director 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 Glover Island and Mint Pond properties, each prospective for gold and base metals. The Glover Island Property, where the historic Lucky Smoke gold occurrence was recently expanded through drilling, consists of 532 mining claims totaling 13,300 hectares while Mint Pond consists of 499 claims totaling 12,475 hectares.

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

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/255018

FAQ

How many stock options did Galloper Gold (GGDCF) grant in June 2025?

Galloper Gold granted 500,000 stock options to an officer and director of the company.

What is the exercise price for Galloper Gold's June 2025 stock options?

The exercise price for the stock options is $0.05 per common share.

How long are Galloper Gold's June 2025 stock options valid for?

The stock options are valid for a period of 12 months from the grant date.

Who received the stock options from Galloper Gold (GGDCF)?

The stock options were granted to an officer and director of the company.