GFG Announces the Grant of Stock Options
Media Release
GFG Announces the Grant of Stock Options
February 14, 2022, Saskatoon, Saskatchewan, Canada: GFG Resources Inc. (TSX-V: GFG)
(OTCQB: GFGSF) (“GFG” or the “Company”) pursuant to the Company’s annual executive
compensation program, the Company announced that it has granted stock options to directors, officers,
employees and senior consultants to purchase up to an aggregate of 2,469,118 common shares of the
Company. The stock options have various vesting periods and are exercisable for a period of five years at
a price of $0.17 per common share, being the closing price on February 11, 2022. All options were granted
pursuant to the Company’s stock option plan.
About GFG Resources Inc.
GFG is a North Am erican precious metals exploration company focused on district scale gold projects in
tier one mining jurisdictions, Ontario and Wyoming. In Ontario, the Company operates the Montclerg, Pen
and Dore gold projects, each large and highly prospective gold properties within the prolific gold district
of Timmins, Ontario, Canada. The projects have similar geological settings that host most of the gold
deposits found in the Timm ins Gold Camp which have produced over 70 million ounces of gold. The
Company also owns 100% of the Rattlesnake Hills Gold Project, a district scale gold exploration project
located approximately 100 kilometres southwest of Casper, Wyoming, U.S. In Wyoming, the Company has
partnered with Group 11 through an option and earn-in agreement to advance the Company’s Rattlesnake
Hills Gold Project with a technology that could revolutionize the gold mining industry. The geologic setting,
alteration and mineralization seen in the Rattlesnake Hills are similar to other gold deposits of the Rocky
Mountain alkaline province which, collectively, have produced over 50 million ounces of gold.
For further information, please contact:
Brian Skanderbeg, President & CEO
Phone: (306) 931-0930
or
Marc Lepage, Vice President, Business Development
Phone: (306) 931-0930
Email: [email protected]
Website: www.gfgresources.com
Stay Connected with Us
Twitter: @GFGResources
LinkedIn: https://www.linkedin.com/company/gfgresources/
Facebook: https://www.facebook.com/GFGResourcesInc/
CAUTION REGARDING FORWARD-LOOKING INFORMATION
All statements, other than statements of historical fact, contained in this news release constitute “forward-looking information” within the meaning
of applicable Canadian securities laws and “forward -looking statements” within the meaning of the United S tates Private Securities Litigation
Reform Act of 1995 (referred to herein as “forward -looking statements”). Forward-looking statements include, but are not limited to, the future
price of gold, success of exploration activities and metallurgical test work, permitting time lines, currency exchange rate fluctuations, requirements
for additional capital, government regulation of exploration work, environmental risks, unanticipated reclamation expenses, title disputes or claims
and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward -looking terminology
such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “ anticipates” or “does
not anticipate” or “believes”, or the negative connotation thereof or variations of such words and phrases or state that cert ain actions, events or
results, “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.
All forward-looking statements are based on various assumptions, including, without limitation, the expectations and beliefs of managemen t, the
assumed long-term price of gold, that the Company will receive required permits a nd access to surface rights, that the Company can access
financing, appropriate equipment and sufficient labour, and that the political environment within Canada and the United State s will continue to
support the development of mining projects in Canada and the United States. In addition, the similarity or proximity of other gold deposits to the
Rattlesnake Hill Gold Project, the Montclerg Gold Project, the Pen Gold Project and the Dore Gold Project is not necessary in dicative of the
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geological setting, alteration and mineralization of the Rattlesnake Hills Gold Project, the Montclerg Gold Project, the Pen Gold Project and the
Dore Gold Project.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cau se the actual results, level of
activity, performance or achievements of GFG to be materially different from those expressed or implied by such forward -looking statements,
including but not limited to: actual results of current exploration activities; env ironmental risks; future prices of gold; operating risks; accidents,
labour issues and other risks of the mining industry; delays in obtaining government approvals or financing; and other risks and uncertainties. These
risks and uncertainties are not, and should not be construed as being, exhaustive.
Although GFG has attempted to identify important factors that could cause actual results to differ materially from those cont ained in forward -
looking statements, there may be other factors that cause result s not to be as anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. In
addition, forward-looking statements are provided solely for the purpose of providing information about management’s current expectations and
plans and allowing investors and others to get a better understanding of our operating environment. Accordingly, readers should not place undue
reliance on forward-looking statements.
Forward-looking statements in this news release are made as of the date hereof and GFG assumes no obligation to update any forward -looking
statements, except as required by applicable laws.