Signature Resources Announces Option Grant to the Board, Management and Advisors

Rhea-AI Summary

Signature Resources (OTCQB: SGGTF; TSXV: SGU) granted a total of 2,400,000 incentive stock options to its board, management and advisors on October 17, 2025. The options carry an exercise price of $0.055, match the concurrent financing price, and expire five years from the grant date. Vesting is 25% immediately and 25% annually thereafter until the third anniversary. The options are the sole compensation for non-executive directors and remain subject to the company's Option Plan and applicable regulatory approvals.

Toronto, Ontario--(Newsfile Corp. - October 17, 2025) - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S30) ("Signature" or the "Company") is pleased to announce that the Board of Directors has granted a combined total of 2,400,000 incentive stock options to the Board, Management and Advisors of the Company. The options have an exercise price of $0.055, in line with the concurrent financing, and expire five years from the grant date. The options vest 25% immediately and 25% annually thereafter until the third anniversary. The options are the only form of compensation provided to non-executive directors of the Company.

All options are subject to the terms and conditions of the Company's Option Plan and applicable regulatory approvals.

About Signature Resources Ltd.

The Company is a Canadian based advanced stage exploration company focused on expanding the 100% Lingman Lake gold deposit, located within the prolific Red Lake district in Northwestern Ontario, Canada. The Lingman Lake gold property (the "Property") consists of 1,274 single-cell and 13 multi-cell staked claims, four freehold fully patented claims and 14 mineral rights patented claims totaling approximately 24,821 hectares. The Property includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-metre shaft, and 3-levels at depths of 46-metres, 84-metres and 122-metres. There has been over 43,222 metres of drilling done on the Property and four 500-pound bulk samples that averaged 19 grams per tonne of gold. The Company's initial mineral resource estimate contain an indicated 95,200 ounces with an average grade of 1.38 g/t Au and and inferred 674,320 ounces at and average grade of 1.14 g/ Au at a cutoff grade of 0.30 g/t. The company is focused on rapidly expanding the known mineralized envelop with its 100% owned diamond drilling rigs. In November 2023, Wataynikaneyap Power energized a new 115kV high tension transmission line within 40 km of the historic Lingman Lake Mine (https://www.wataypower.ca/).

To find out more about Signature, visit www.signatureresources.ca or contact:

Dan Denbow
Chief Executive Officer
(800) 259-0150
info@signatureresources.ca

or contact:
Renmark Financial Communications Inc.
John Boidman: jboidman@renmarkfinancial.com
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

Cautionary Notes

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 news release.

This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions and risks associated with infectious diseases and global geopolitical events. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to changes in general economic and financial market conditions, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270973

FAQ

How many options did Signature Resources (SGGTF) grant on October 17, 2025?

Signature granted a combined total of 2,400,000 incentive stock options.

What is the exercise price for the SGGTF options granted October 17, 2025?

The options have an exercise price of $0.055, in line with the concurrent financing.

When do the stock options granted by Signature Resources (SGGTF) expire?

All options expire five years from the grant date.

What is the vesting schedule for the SGGTF options granted on October 17, 2025?

Vesting is 25% immediately and then 25% annually

Are non-executive directors of Signature Resources (SGGTF) paid cash for their service?

No; the options are stated as the only form of compensation for non-executive directors.

Do the Signature Resources (SGGTF) options require regulatory approval?

Yes; all options are subject to the terms of the Option Plan and applicable regulatory approvals.