OMNI-LITE INDUSTRIES ANNOUNCES THE GRANT OF STOCK OPTIONS AND RSUs

Omni-Lite awards new options and RSUs to management at a VWAP-based exercise price with three-year vesting terms.

Rhea-AI Summary

Omni-Lite Industries (OLNCF) granted 290,000 stock options and 60,000 restricted share units to certain directors and officers under its Long-Term Performance Incentive Plan. Each option is exercisable into one common share at C$2.83, equal to the five-day volume-weighted average closing price to September 9, 2026. Options and RSUs both vest in equal annual installments over three years from the grant date, and the options expire five years from grant. All LTIP securities are subject to TSX Venture Exchange policies.

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LOS ANGELES, CALIFORNIA, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Omni-Lite Industries Canada Inc. (the "Company" or “Omni-Lite”; TSXV: OML) announces that it has granted a total of 290,000 stock options (“Options”) and 60,000 restricted share units (“RSUs”) of the Company (collectively, "LTIP Securities") to certain directors and officers of the Company pursuant to its Long-Term Performance Incentive Plan (“LTIP”).

Each Option is exercisable for one common share of the Company at an exercise price of C$2.83 per share, which equates to the volume-weighted average closing price for the five-day period ended on September 9, 2026. The Options will vest, in equal annual installments, over a period of three (3) years, and expire on the five (5) year anniversary of the date of the grant, and are subject to the policies of the TSX Venture Exchange.

Each RSU shall, subject to the following vesting provision, represent one common share of the Company, and will vest, in equal annual installments, over a period of three (3) years from the grant date, and are subject to the policies of the TSX Venture Exchange.

For further information, please contact:

Mr. David Robbins
Interim Chief Executive Officer
Email: d.robbins@omni-lite.com
Website: www.omni-lite.com

Forward Looking Statements

Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intent”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information in this press release includes, but is not limited to, the expected future performance of the Company. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward- looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward- looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, governmental regulation, including environmental consents and approvals, if and when required; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FAQ

How many Omni-Lite options and RSUs were granted, and to whom?

The company granted 290,000 stock options and 60,000 RSUs to certain directors and officers under its Long-Term Performance Incentive Plan.

What are the key terms of the newly granted Omni-Lite stock options?

Each option allows purchase of one common share at an exercise price of C$2.83, based on the five-day volume-weighted average closing price to September 9, 2026. The options vest in equal annual installments over three years, expire on the five-year anniversary of the grant date, and are subject to TSX Venture Exchange policies.

What are the vesting terms for the Omni-Lite RSUs?

Each RSU represents one common share of the company and will vest in equal annual installments over a three-year period from the grant date, subject to TSX Venture Exchange policies.