Onyx Gold Strengthens Leadership Team with Appointment of Vice President, Investor Relations

Rhea-AI Summary

Onyx Gold (OTCQX: ONXGF) appointed Vanessa Pickering as Vice President, Investor Relations effective February 3, 2026, bringing 20+ years of mining-sector IR and Yukon experience. The company also granted 1,010,000 RSUs and 1,415,000 stock options (exercise price $1.65), subject to regulatory approval and vesting schedules.

Positive

• Experienced IR hire with 20+ years in mining and capital markets
• Yukon expertise and First Nations engagement experience strengthens local stakeholder relations
• Equity incentives granted: 1,010,000 RSUs and 1,415,000 options announced
• Options exercise price: $1.65 per share for 1,415,000 shares

Negative

• Grants subject to regulatory approval, creating implementation uncertainty
• Vesting schedule: RSUs cliff/graded over 36 months delays full alignment
• Potential dilution: 2,425,000 total awards could increase outstanding share count

News Market Reaction – ONXGF

+13.49%

1 alert

+13.49% News Effect

On the day this news was published, ONXGF gained 13.49%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) ("Onyx" or the "Company") is pleased to announce the appointment of Vanessa Pickering as Vice President, Investor Relations, effective immediately.

"I am very pleased to welcome Vanessa to Onyx's senior management team," said Brock Colterjohn, President & CEO of Onyx Gold Corp. "As Onyx continues to deliver strong exploration results and advance one of the most compelling new gold discoveries in Timmins, alongside a highly prospective district-scale portfolio in the Yukon, it is critical that our story is communicated clearly, consistently, and credibly to the investment community."

"Vanessa brings a proven track record of building investor awareness, supporting institutional ownership, and guiding companies through key value-creation milestones. Importantly, she also brings deep experience in the Yukon and a strong understanding of community and First Nations engagement, which is essential as we responsibly advance our exploration programs and build long-term value. Her addition to the team comes at a pivotal time for Onyx as we continue to grow and execute."

In her role, Ms. Pickering will work closely with the executive team to lead Onyx's investor relations strategy, including engagement with shareholders, institutional investors, analysts and other stakeholders as the Company advances its high-impact exploration programs in Timmins, Ontario and the Yukon.

Vanessa Pickering - Vice President, Investor Relations

Ms. Pickering brings more than 20 years of experience in the mineral exploration and mining sector, with extensive expertise in investor relations, corporate communications, and capital markets across exploration, development, and production-stage companies.

Most recently, Ms. Pickering served as Manager, Investor Relations at Orezone Gold Corp., where she supported the company's evolution from a single-asset developer into a multi-asset gold producer. Prior to her position at Orezone, she was Manager, Corporate Communications and Development at IDM Mining Ltd. until its acquisition in March 2019.

Earlier in her career, Ms. Pickering spent more than seven years at ATAC Resources Ltd., where she developed long-standing experience in Yukon-based exploration, stakeholder communications, and meaningful engagement with local communities and First Nations.

Equity Incentive Grants

The Company also announces the following issuances as of today, pursuant to the Company's omnibus incentive plan:

• 1,010,000 restricted share units ("RSUs") to directors and officers of the Company, including 75,000 RSU's issued to Ms. Pickering. Each RSU entitles the holder to acquire one Share of the Company on vesting. All of the above RSUs are subject to the following vesting schedule: one-third vesting 12 months after the grant date; one-third vesting 24 months after the grant date; and one-third vesting 36 months after the grant date.

• 1,415,000 incentive stock options (the "Options") granted to officers, directors and employees of the Company at an exercise price of $1.65 per share for the purchase of 1,415,000 common shares for a period of five years. This Options issuance includes 100,000 options granted to Ms. Pickering. All of the Options are subject to the Company's vesting provisions.

The above RSU and stock option issuances are subject to regulatory approval.

About Onyx Gold

Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) is a Canadian exploration company focused on unlocking district-scale gold opportunities in two of the country's most prolific and proven mining jurisdictions - Timmins, Ontario, and Yukon Territory.

In the Timmins Gold Camp, Onyx controls an extensive portfolio anchored by the Munro-Croesus Property, host to the historic high-grade Croesus Mine and site of the Company's recent Argus North discovery - one of the most exciting new gold zones emerging in the camp. Complementing Munro-Croesus are two large, early-stage projects - Golden Mile, a 140 km² property situated just 9 km from Newmont's multi-million-ounce Hoyle Pond Mine, and Timmins South, a 187 km² land package strategically positioned around the Shaw Dome structure, offering exceptional discovery potential.

Beyond Ontario, Onyx holds a commanding land position across four properties in Yukon's Selwyn Basin, an area rapidly gaining recognition for new gold discoveries and growing exploration investment. The Company's King Tut Property sits approximately 50km south of Snowline Gold Corp.'s Valley discovery and adjacent to Fireweed Metals Corp.'s MacPass property.

Led by an experienced team with a strong track record of discovery, development, and value creation, Onyx Gold is well funded and committed to delivering shareholder value through disciplined exploration, strategic growth, and responsible resource development.

On Behalf of Onyx Gold Corp.

"Brock Colterjohn"
President & CEO

For further information, please visit the Onyx Gold Corp. website at www.onyxgold.com or contact:

Brock Colterjohn, President & CEO
or
Vanessa Pickering - vanessa@onyxgold.com

Phone: 1-604-283-3341
Email: information@onyxgold.com
Website: www.onyxgold.com
LinkedIn: https://www.linkedin.com/company/onyx-gold-corp
X: https://x.com/OnyxGoldCorp

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/282482

FAQ

Who is Vanessa Pickering and what role will she hold at Onyx Gold (ONXGF)?

Vanessa Pickering was appointed Vice President, Investor Relations, effective immediately. According to the company, she brings over 20 years of mineral exploration and mining-sector IR, corporate communications and capital markets experience to lead investor engagement.

What equity incentives did Onyx Gold (ONXGF) grant on February 3, 2026?

Onyx granted 1,010,000 restricted share units and 1,415,000 stock options on that date. According to the company, the options are exercisable at $1.65 per share for five years and all awards are subject to regulatory approval.

How do the Onyx Gold (ONXGF) RSU vesting terms work for the February 2026 grants?

Each RSU vests in three tranches: one-third at 12 months, one-third at 24 months, and one-third at 36 months. According to the company, this vesting schedule staggers ownership and aligns recipients with long-term performance.

Does Onyx Gold (ONXGF) require regulatory approval for the RSUs and options announced?

Yes, the RSU and option issuances are subject to regulatory approval. According to the company, implementation of the grants is conditional on receiving the necessary regulatory consents before they take legal effect.

How might Vanessa Pickering’s Yukon experience affect Onyx Gold’s (ONXGF) programs?

Her Yukon experience may strengthen community and First Nations engagement during exploration programs. According to the company, her background is expected to support responsible advancement of high-impact exploration in the Yukon and Timmins districts.

What is the total number of shares potentially created by Onyx Gold’s (ONXGF) February 2026 awards?

The awards total 2,425,000 equity instruments combining RSUs and options. According to the company, these instruments could convert into or allow purchase of up to 2,425,000 common shares if vested and exercised, subject to approval.