Silver Spruce Resources Inc. Announces Grant of Options

Rhea-AI Summary

Silver Spruce Resources (SSEBF) announced that its board approved the grant of 2,100,000 stock options to certain directors, officers, employees and consultants on January 16, 2026. Each option is exercisable for one common share at $0.30 per share and expires five years from the date of grant. The options were granted under the corporation's stock option plan and are subject to the plan's terms and conditions.

The company described its exploration portfolio, including the Jackie Au-Ag project, Pino de Plata Ag project near Palmarejo, and Melchett Lake VMS project, and said management continues to evaluate opportunities for the corporation.

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On the day this news was published, SSEBF declined 14.01%, reflecting a significant negative market reaction.

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BEDFORD, NS / ACCESS Newswire / January 16, 2026 / (TSXV:SSE) - Silver Spruce Resources Inc. ("Silver Spruce" or the "Corporation") announces that the board of directors of the Corporation has approved the grant of an aggregate of 2,100,000 stock options to certain directors, officers, employees and consultants of the Corporation. Each option entitles the holder to acquire one common share of the Corporation at a price of $0.30 per share for a period of five years from the date of grant. The options were granted under and are subject to the terms and conditions of the Corporation's stock option plan.

About Silver Spruce Resources
Silver Spruce Resources Inc. is a Canadian junior exploration company. The Corporation's diversified exploration portfolio now includes:

• Jackie Au-Ag Project - Early-stage epithermal project with high-grade surface sampling and strong structural targets located <10 kilometres northwest from Minera Alamos' Nicho deposit in eastern Sonora, Mexico

• Pino de Plata Ag Project - High-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo Mine in western Chihuahua, Mexico

• Melchett Lake VMS Zn-Ag-Au-Cu Project - Polymetallic project with historical drilling in the Thunder Bay Mining District of Ontario

Silver Spruce continues to investigate opportunities that Management has identified or that have been presented to the Corporation for consideration.

Contact:
Kevin O'Connor, Director
(312) 509-5972
info@silverspruceresouces.com
www.silverspruceresources.com

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.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future..

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

SOURCE: Silver Spruce Resources, Inc.

View the original press release on ACCESS Newswire

FAQ

How many options did Silver Spruce Resources (SSEBF) grant on January 16, 2026?

The board approved an aggregate grant of 2,100,000 stock options on January 16, 2026.

What is the exercise price and expiry for the SSEBF options granted January 16, 2026?

Each option is exercisable at $0.30 per share and expires five years from the date of grant.

Who were the recipients of the SSEBF option grant on January 16, 2026?

Options were granted to certain directors, officers, employees and consultants of the corporation.

Are the SSEBF options subject to any plan or conditions?

Yes. The options were granted under and are subject to the terms of the corporation's stock option plan.

Will the SSEBF option grant dilute existing shareholders if exercised?

If exercised, the options would increase the number of outstanding shares and could cause shareholder dilution; the exact effect depends on total outstanding shares and exercise activity.