Silver Sands Announces Stock Option Grants to Directors and Consultants

Rhea-AI Summary

Silver Sands Resources (OTC Pink: SSRSF) granted an aggregate of 1,700,000 incentive share purchase options to directors and consultants on April 10, 2026.

Options carry an exercise price of $0.10, a five-year term expiring April 10, 2031, and shares from exercises are subject to a four-month-and-one-day hold until August 11, 2026.

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In the Apr 13 session, SSRSF gained 1.06%, reflecting a mild positive market reaction.

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Vancouver, British Columbia--(Newsfile Corp. - April 10, 2026) - Silver Sands Resources Corp. (CSE: SAND) (OTC Pink: SSRSF) (the "Company" or "Silver Sands") is pleased to announce that it has today granted an aggregate of 1,700,000 incentive share purchase options to directors and consultants at an exercise price of $0.10 per common share with a term of five years expiring on April 10, 2031.

All shares issued pursuant to any exercise of options will be subject to a four-month and one-day hold period expiring August 11, 2026.

About Silver Sands Resources Corp.

Silver Sands is a Canada-based company engaged in the business of mineral exploration and the acquisition of mineral property assets in mining-friendly jurisdictions. Its objective is to locate and develop economic precious and base metal properties of merit.

On Behalf of the Board of Directors

Keith Anderson
Chief Executive Officer, President & Director

For further information, please contact:

Keith Anderson
Chief Executive Officer, President & Director (604) 786-7774

SILVER SANDS RESOURCES CORP.
Suite 830 - 1100 Melville Street
Vancouver, British Columbia V6E 4A6
https://www.silversandscorp.com

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292042

FAQ

How many options did Silver Sands (SSRSF) grant on April 10, 2026?

Silver Sands granted an aggregate of 1,700,000 incentive share purchase options on April 10, 2026. According to the company, the grants were issued to directors and consultants with standard terms described in the announcement.

What are the exercise price and expiry of the SSRSF options granted April 10, 2026?

The options carry an exercise price of $0.10 and a five-year term expiring April 10, 2031. According to the company, these terms apply to all 1,700,000 incentive options granted that day.

Who received the option grants from Silver Sands (SSRSF) on April 10, 2026?

The option grants were issued to the company's directors and consultants. According to the company, the aggregate 1,700,000 incentive options were allocated specifically to those groups.

When do shares issued from exercised SSRSF options become tradable after the April 10, 2026 grant?

Shares issued on exercise are subject to a four-month-and-one-day hold period, expiring August 11, 2026. According to the company, that hold period applies to all shares issued pursuant to option exercises.

What is the potential shareholder dilution from the 1,700,000 SSRSF option grants?

The announcement states 1,700,000 options were granted but does not disclose outstanding share count to calculate dilution. According to the company, only the number of options, price, term, and hold period were provided.