Meryllion Resources Announces Grant of Stock Options

Rhea-AI Summary

Meryllion Resources (OTC: MYRLF, CSE: MYR) granted an aggregate of 8,400,000 stock options to certain officers, directors and consultants on January 28, 2026.

Each option permits purchase of one common share at $0.08, vests immediately, expires in three years, and is subject to a statutory hold period of four months plus one day.

Vancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Meryllion Resources Corporation (CSE: MYR) (OTC Pink: MYRLF) ("Meryllion" or the "Company") is pleased to announce that it has granted an aggregate of 8,400,000 stock options (the "Options") to certain officers, directors and consultants of the Company pursuant to the Company's stock option plan. Each Option is exercisable to purchase one common share in the capital of the Company at a price of $0.08 for a period of three years from the date of issue. The Options vest immediately and are subject to a statutory hold period of four months plus one day.

About Meryllion Resources Corporation:

Meryllion is an exploration stage company listed on the Canadian Securities Exchange. The Company recently entered into a lease and option agreement in respect of the Makenzie gold/silver/antimony project located 44 kms south southwest of Austin, Nevada in the Toiyabe Range of central Nevada. Makenzie is one of the largest known untested gold, silver and antimony anomalies in the state of Nevada.

Meryllion also has the rights to acquire up to a 100% interest in the Westbury and Tasmanian Strategic Green Metals ionic adsorption clay (IAC) hosted rare earth elements (REE) projects located in northeast Tasmania, Australia with a total tenement area of approximately 800 kms². Meryllion's IAC REE projects are situated along strike, and/or adjacent to, discoveries by ABx Group Limited. ABx has reported that Tb (Terbium) and Dy (Dysprosium) concentrations in all of ABx's rare earths resources are the highest of any ionic adsorption clay deposit in Australia and are amongst the highest globally. (refer ABx ASX announcement dated 5 May 2025).

For Further Information please contact:

Richard Revelins
Chief Executive Officer
rrevelins@peregrinecorporate.com
+1-310-405-4475

Forward-Looking Statements:

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.

Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) 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/281996

FAQ

How many stock options did Meryllion Resources (MYRLF) grant on January 28, 2026?

Meryllion granted an aggregate of 8,400,000 stock options to officers, directors and consultants. According to the company, the grants were issued under its stock option plan and vest immediately with a statutory hold period applied.

What is the exercise price and term of the MYRLF options granted on January 28, 2026?

Each option is exercisable at $0.08 per share for a period of three years from issuance. According to the company, options vest immediately and carry the standard statutory hold period of four months plus one day.

Who received the 8,400,000 stock options from Meryllion Resources (MYRLF)?

Options were granted to certain officers, directors and consultants of the company. According to Meryllion, the recipients were chosen pursuant to the company stock option plan and the options vest immediately upon grant.

Will the MYRLF options granted on January 28, 2026, be immediately tradable?

No; the options vest immediately but are subject to a statutory hold period of four months plus one day. According to the company, this hold period restricts resale until the statutory timeframe expires.