Pacific Empire Announces Stock Option and Restricted Share Unit Grants

Rhea-AI Summary

Pacific Empire (TSXV: PEMC, OTC: PEMSF) approved new equity incentives under its Omnibus Equity Incentive Compensation Plan, granting 6,800,000 restricted share units (RSUs) and 17,700,000 stock options to directors, officers and consultants. Directors and officers received 6,300,000 RSUs and 16,700,000 options.

RSUs vest 100% twelve months from grant, while options vest immediately and are exercisable at C$0.05 per share for five years. Each vested RSU or option entitles the holder to acquire one common share at C$0.05.

Positive

• None.

Negative

• Equity awards cover up to 24,500,000 shares at C$0.05, creating potential dilution for existing shareholders
• Most instruments (16,700,000 options and 6,300,000 RSUs) granted to directors and officers, concentrating incentive awards with insiders

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Vancouver, British Columbia--(Newsfile Corp. - August 7, 2026) - Pacific Empire Minerals Corp. (TSXV: PEMC) ("Pacific Empire", "PEMC" or the "Company") is pleased to announce an equity grant in accordance with the Company's Omnibus Equity Incentive Compensation Plan. The Company has granted an aggregate of 6,800,000 Restricted Share Units ("RSUs") and an aggregate of 17,700,000 Stock Options ("Options") to certain directors, officers and consultants of the Company. Of these grants, an aggregate of 16,700,000 Options and 6,300,000 RSUs were granted to directors and officers of the Company. The RSUs will vest 100% twelve months from the date of grant. The Options vest on the date of grant. Each vested RSU will entitle the holder to receive one common share of the Company at the deemed price of C$0.05 and each vested Option will entitle the holder to acquire one common share of the Company at an exercise price of C$0.05 for a period of five years.

About Pacific Empire

Pacific Empire is a copper exploration company based in Vancouver, British Columbia and trades on the TSX Venture Exchange under the symbol PEMC. The Company has a district scale land position in north-central British Columbia.

British Columbia is a "Green" copper jurisdiction with abundant hydroelectric power, access and infrastructure in close proximity to the end market.

ON BEHALF OF THE BOARD,

"Brad Peters"
President, Chief Executive Officer and Director

Pacific Empire Minerals Corp.
Tel: +1-604-356-6246
brad@pemcorp.ca

Neither the 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.

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308770

FAQ

What equity incentives did Pacific Empire (PEMSF) grant on August 7, 2026?

Pacific Empire granted 6,800,000 RSUs and 17,700,000 stock options as equity incentives. According to the company, these grants were made under its Omnibus Equity Incentive Compensation Plan to certain directors, officers and consultants, each convertible into one common share at a deemed price of C$0.05.

What are the vesting terms for the new Pacific Empire (PEMSF) RSUs and options?

The RSUs vest 100% twelve months from the grant date, while the options vest immediately. According to Pacific Empire, each vested RSU or option entitles the holder to receive or acquire one common share at C$0.05, with options exercisable for five years.

Who received most of the Pacific Empire (PEMSF) equity grants announced in August 2026?

Directors and officers received the majority of the awards, with 6,300,000 RSUs and 16,700,000 options granted to them. According to Pacific Empire, the remaining portion of the 6,800,000 RSUs and 17,700,000 options went to certain consultants of the company.

What is the exercise price and term of the new Pacific Empire (PEMSF) stock options?

The options have an exercise price of C$0.05 per common share and a five-year term. According to Pacific Empire, each vested option allows the holder to acquire one common share at C$0.05 from the grant date until expiry, subject to plan terms.

How could the August 2026 Pacific Empire (PEMSF) equity grants affect share count?

If fully settled, 6,800,000 RSUs and 17,700,000 options could add up to 24,500,000 shares. According to Pacific Empire, each RSU and option converts into one common share at C$0.05, increasing the company’s fully diluted share base if exercised or vested.