Group Eleven Announces Issuance of Stock Options and DSUs

Rhea-AI Summary

Group Eleven Resources (OTCQB: GRLVF) granted equity compensation on December 17, 2025. The company issued 2,600,000 incentive stock options to directors, officers and employees under its Stock Option Plan.

The options vest over two years, carry an exercise price of $0.63 CAD per share and expire five years from the grant date. The company also granted 95,238 Deferred Share Units (DSUs) to independent directors for services rendered in 2024; each DSU settles into one common share or a cash equivalent as determined by the board. All amounts are in Canadian dollars.

Vancouver, British Columbia--(Newsfile Corp. - December 17, 2025) - Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") announces that it has granted 2,600,000 incentive stock options to directors, officers and employees pursuant to the terms of the Company's Stock Option Plan. These options vest over a period of two years from the date of grant, have an exercise price of $0.63 per share and will expire five years from the date of grant.

The Company also announces that pursuant to its Deferred Share Unit ("DSU") Plan, it has granted 95,238 DSUs for services rendered in 2024 to independent directors of the Company. Each DSU entitles the holder, when settled, to receive one common share (or, as otherwise determined by the board of directors, a cash amount equal to the value of one common share). All currency in this news release is denominated in Canadian dollars.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) and (FSE: 3GE) is focussed on its recent Ballywire zinc, lead, silver, copper and germanium discovery in the Republic of Ireland. Ballywire is located 20km from Company's 77.64%-owned Stonepark zinc-lead project, which itself is located adjacent to Glencore's Pallas Green zinc-lead project. The Company's two largest shareholders are Michael Gentile (13.8% interest) and Glencore Canada Corp. (13.7%). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.lau@groupelevenresources.com | T: 604-781-4915

Neither 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 release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278454

FAQ

How many incentive stock options did Group Eleven (GRLVF) grant on December 17, 2025?

Group Eleven granted 2,600,000 incentive stock options to directors, officers and employees.

What are the key terms of the GRLVF stock options (exercise price, vesting, expiry)?

Options have an exercise price of $0.63 CAD, vest over two years, and expire five years from the grant date.

How many DSUs did Group Eleven (GRLVF) grant and who received them?

The company granted 95,238 DSUs to independent directors for services rendered in 2024.

How are DSUs for GRLVF settled when paid out?

Each DSU entitles the holder to one common share when settled, or a cash amount equal to the share value as determined by the board.

Are the compensation amounts in the release denominated in US or Canadian dollars?

All currency amounts in the announcement are denominated in Canadian dollars (CAD).