Secova announces grant of stock options and restricted share units

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SECOVA ANNOUNCES GRANT OF STOCK OPTIONS AND

RESTRICTED SHARE UNITS

VANCOUVER,  BRITISH  COLUMBIA  –  October  7,  2021  –  Secova  Metals  Corp.  (“Secova”  or  the 

“Company”) (CSE: SEK, Frankfurt: N4UN, USA: SEKZF), and its board of directors announce that Secova 

granted  stock  options  (“Options”)  and  restricted  share  units  (“RSUs”)  on  October  6,  2021  pursuant  to  the 

Company’s stock option plan (the “Option Plan”) and restricted share unit plan (the “RSU Plan”), respectively. 

The Company has granted an aggregate of 6,500,000 Options and 7,000,000 RSUs to certain directors, officers, 

employees and consultants of the Company. The Options granted are exercisable to purchase a common share 

in  the  capital  of  the  Company  (each,  a  “Share”)  at  a  price  of  CAD$  0.15  per  Share,  subject  to  vesting 

requirements.   The RSUs shall vest in accordance to the prescribed period under the RSU Plan. The Option 

Plan and RSU Plan were approved by the shareholders of the Company on August 6, 2021.  

The Options, RSUs and any underlying Shares will be subject to a four‐month and one day hold period pursuant 

to the policies of the Canadian Securities Exchange.  

About the Company

Secova Metals Corp. is a Canadian environmentally aware resource exploration and processing company. 

Management  has  demonstrated  expertise  in  advancing  gold  exploration  projects  into  acquisition  targets, 

most  notably  in  the  province  of  Quebec.  Secova’s  principal  restoration  and  recovery  project  is  the 

Montauban property situated in Quebec just 80 kilometers west of Quebec City. The Company is proposing 

to commence operations by the middle of 2022. The Company’s main exploration focus is its 100% ownership 

of the Eagle River project which is adjacent to and on‐trend to several gold projects in the Windfall Lake 

district  of  Urban  Barry  in  Quebec.  Secova  will  use  its  expertise  in  early‐stage  exploration  to  create 

shareholder value by attempting to prove out the resource in these assets. 

For further information about the company, please visit Secova’s new website at www.secova.ca 

On Behalf of the B oard of Directors,

SECOVA METALS CORP.

“Brad Kitchen”

Chairman, CEO and Director

Tel: +1 604-506-7555

Email: [email protected]

This press release contains “forward-looking information” that is based on the Company’s current expectations,

estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with

respect to the Company’s exploration and development plans. The words "will", "anticipated", "plans" or other similar

words and phrases are intended to identify forward-looking information. Forward-looking information is subject to

known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity,

performance, or achievements to be materially different from those expr essed or implied by such forward looking

information.

The CSE does not accept responsibility for the adequacy or accuracy of this release.