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Maritime Announces Grant of Incentive Stock Options

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Maritime Resources (MRTMF) has announced the grant of 17,062,800 incentive stock options to its directors, officers, and employees. The options are exercisable at $0.11 per common share with a five-year term from the grant date. These options will vest immediately upon grant and are subject to TSX Venture Exchange regulations and applicable securities laws.

Maritime Resources (MRTMF) ha annunciato l'assegnazione di 17.062.800 opzioni su azioni incentivanti ai suoi amministratori, dirigenti e dipendenti. Le opzioni possono essere esercitate al prezzo di 0,11 $ per azione ordinaria e hanno una durata di cinque anni dalla data di concessione. Queste opzioni maturano immediatamente al momento della concessione e sono soggette alle normative della TSX Venture Exchange e alle leggi sui titoli applicabili.

Maritime Resources (MRTMF) ha anunciado la concesión de 17.062.800 opciones sobre acciones incentivadas a sus directores, funcionarios y empleados. Las opciones pueden ejercerse a 0,11 $ por acción común y tienen un plazo de cinco años desde la fecha de concesión. Estas opciones se otorgan con vencimiento inmediato y están sujetas a las regulaciones de la Bolsa de Valores TSX Venture y a las leyes de valores aplicables.

Maritime Resources (MRTMF)는 이사, 임원 및 직원들에게 17,062,800개의 인센티브 스톡 옵션을 부여했다고 발표했습니다. 옵션은 보통주 1주당 $0.11의 행사가격으로 부여일로부터 5년간 유효합니다. 이 옵션은 부여 즉시 권리가 발생하며 TSX 벤처 거래소 규정 및 관련 증권법의 적용을 받습니다.

Maritime Resources (MRTMF) a annoncé l’octroi de 17 062 800 options d’achat d’actions incitatives à ses administrateurs, dirigeants et employés. Ces options sont exerçables à 0,11 $ par action ordinaire et ont une durée de cinq ans à compter de la date d’attribution. Elles sont immédiatement acquises à la date d’attribution et sont soumises aux réglementations de la TSX Venture Exchange ainsi qu’aux lois sur les valeurs mobilières applicables.

Maritime Resources (MRTMF) hat die Gewährung von 17.062.800 Incentive-Aktienoptionen an seine Direktoren, Führungskräfte und Mitarbeiter bekanntgegeben. Die Optionen sind zu einem Ausübungspreis von 0,11 $ pro Stammaktie ausübbar und haben eine Laufzeit von fünf Jahren ab dem Gewährungsdatum. Diese Optionen werden sofort bei Gewährung fällig und unterliegen den Vorschriften der TSX Venture Exchange sowie den geltenden Wertpapiergesetzen.

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Toronto, Ontario--(Newsfile Corp. - May 28, 2025) - Maritime Resources (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has granted an aggregate of 17,062,800 incentive stock options (the "Options") under the Company's omnibus equity incentive plan, to certain directors, officers and employees of the Company. The Options are exercisable at a price of $0.11 per common share, will have a term of five years from the date of grant, and will vest immediately on the date of grant. The Options are subject to the terms and conditions prescribed by the TSX Venture Exchange and applicable securities laws.

About Maritime Resources Corp.

Maritime (TSXV: MAE) (OTC Pink: MRTMF) is a gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. Maritime holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property which includes the former Hammerdown gold mine and the Orion gold project. Maritime controls over 439 km2 of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by Maritime in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit.

On Behalf of the Board:

MARITIME RESOURCES CORP.

Garett Macdonald, MBA, P.Eng.
President and CEO
Phone: (416) 365-5321
info@maritimegold.com
www.maritimeresourcescorp.com

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Caution Regarding Forward Looking Statements:

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of National Instrument 51-102 - Continuous Disclosure Obligations of the Canadian Securities Administrators. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may also be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "could" or "would". While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking statements in this news release include without limitation, statements with respect to the grant of Options. All forward-looking information contained in this press release is given as of the date hereof, and is based on the opinions and estimates of management and information available to management as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the 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/253769

FAQ

What is the exercise price of Maritime Resources (MRTMF) stock options granted on May 28, 2025?

The stock options granted by Maritime Resources on May 28, 2025, have an exercise price of $0.11 per common share.

How many stock options did Maritime Resources (MRTMF) grant in May 2025?

Maritime Resources granted 17,062,800 incentive stock options to its directors, officers, and employees.

What is the vesting period for Maritime Resources' May 2025 stock options?

The stock options vest immediately on the date of grant (May 28, 2025).

How long is the term of Maritime Resources' May 2025 stock options?

The stock options have a term of five years from the date of grant.
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