RETRANSMISSION: Metalsource Announces Change of Directors

Rhea-AI Summary

Metalsource Mining (SFRIF) appointed Adam Falkoff to its board on January 20, 2026. Mr. Falkoff brings over 20 years of public policy, diplomacy and business development experience, including roles advising senior political leaders and senior executive positions at CapitalKeys, Amazon and Microsoft.

The company granted Mr. Falkoff 450,000 incentive stock options exercisable at $1.14 per share for a five-year term; the options vest over one year and are subject to a hold period of four months and one day under the company's stock option plan.

Positive

• Board appointment: Adam Falkoff added with 20+ years policy and business experience
• Industry connections: Senior advisory background to CEOs, presidents and ministers
• Equity alignment: 450,000 incentive stock options granted to new director
• Option terms: Options exercisable at $1.14 for a five-year period; one-year vesting

Negative

• Grant of 450,000 options creates potential shareholder dilution if exercised
• Options vest over one year, delaying immediate full alignment of incentives

Vancouver, British Columbia--(Newsfile Corp. - January 20, 2026) - METALSOURCE MINING INC. (CSE: MSM) (the "Company" or "Metalsource") announces the appointment of Adam Falkoff as a Director of the Company.

Mr. Falkoff has over 20 years of experience in public policy, diplomacy and business development. He has advised CEOs of the Fortune 100, Presidents, Prime Ministers, Cabinet Ministers and Ambassadors.

He is a life member of the Council on Foreign Relations and a member of the Trilateral Commission. He is a member of the Explorers Club. Mr. Falkoff served two U.S. Senators and a Vice President of the United States. He was appointed by the U.S. Secretary of State as a United States Public Diplomacy Envoy. His private sector experience includes senior executive leadership at CapitalKeys, Amazon and Microsoft. He is also the interim president of RARE, The Association for Rare Earth.

Mr. Falkoff was awarded the Ellis Island Medal of Honor, one of the nation's highest honors, for achievement and inspired service to the United States. He was twice named to the Washington, D.C. Power 100, a list of the 100 most influential non-elected people in Washington, D.C.

Mr. Falkoff holds a BA from Duke University and an MBA and MIM from the Thunderbird School of Global Managment. Mr. Falkoff also holds a Certificate in International Law from the University of Salzburg, Institute on International Legal Studies. The coursework was instructed by Supreme Court Justices Anthony Kennedy and John Paul Stevens. Mr. Falkoff participated in the postgraduate programme at the School of Mining Engineering at the University of Witwatersrand, Johannesburg, South Africa known as the world's preeminent institution in the field of international mining and mining studies.

Joe Cullen, CEO, stated: "We are thrilled to welcome Adam Falkoff to our Board of Directors. His unique combination of high-level policy experience, business leadership, and deep understanding of critical minerals positions him perfectly to help guide Metalsource Mining through this pivotal stage of its development."

"I am honored to join the Board at a pivotal moment for the Company," said Adam Falkoff. "This historic silver mine holds a unique place in American history as the source of silver for the nation's first silver coin. With silver's growing importance as a critical mineral across modern industry and technology, I look forward to helping guide the Company as it brings a foundational U.S. asset into a new era of domestic production."

The Company has granted 450,000 incentive stock options (the "Options") to Mr. Falkoff. The Options are exercisable at $1.14 per share for a period of five years from the date of grant.  The Options vest over a one-year period and are subject to a hold period of four months and one day.  The Options have been granted under and are governed by the terms of the Company's Stock Option Plan.

About Metalsource Mining

Metalsource Mining Inc. is a Canadian mineral exploration company focused on advancing high-potential mineral assets through modern, systematic exploration and value-driven discovery.

For further information, please contact:
Joe Cullen CEO - Metalsource Mining Inc.
Tel: (778) 919-8615
Email: jcullen@metalsourcemining.com

Neither the CSE nor the Market Regulator (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/280908

FAQ

Who is Adam Falkoff and why was he appointed to Metalsource Mining (SFRIF) on January 20, 2026?

Adam Falkoff is a public policy and business leader with over 20 years experience advising senior officials and holding executive roles; he was appointed to strengthen board expertise in policy and critical minerals.

What equity compensation did Metalsource Mining (SFRIF) grant Adam Falkoff on January 20, 2026?

The company granted Mr. Falkoff 450,000 incentive stock options exercisable at $1.14 per share for a five-year term, vesting over one year with a four-month-and-one-day hold period.

How long do Adam Falkoff’s Metalsource (SFRIF) stock options last and when do they vest?

The options expire after five years from grant and vest over a one-year period.

Will Adam Falkoff’s appointment to Metalsource (SFRIF) affect company governance?

The appointment adds a director with high-level policy and industry experience, which the company says is intended to guide development of its U.S. silver asset.

What is the strike price for the options granted to Metalsource (SFRIF) director Adam Falkoff?

The options are exercisable at a strike price of $1.14 per share.