Stuhini Exploration Grants Stock Options

Stuhini Exploration Grants Stock Options

VANCOUVER, BC

,

Jan. 23, 2024

/CNW/ - Stuhini Exploration Ltd. ("

Stuhini

" or the "

Company

")

(TSX-V:STU

and

OTCQB:STXPF)

)

announces the Companies board of directors has authorized

and approved, as of today, the grant of stock options to directors, officers, employees and

consultants to purchase an aggregate of 970,000 common shares of the Company at an exercise

price of

$0.21

per share for a 30 month term expiring

July 23, 2026

. The option grants vest in

stages of 25% every three months such that all options will fully vest by

January 23, 2025

subject to

meeting the terms and conditions of the Company's Stock Option Plan. The option grants are subject

to any necessary regulatory approvals.

About Stuhini Exploration Ltd.

: Stuhini, a mineral exploration company, is focused on exploration

and development of precious and base metals properties in western

Canada

and the southwest

United States

. The Company's portfolio of exploration properties includes the flagship Ruby Creek

Property, 14 km east of

Atlin, BC

; the Que Project, 70 km north of Johnson's Crossing,

Yukon

; the

South Thompson Nickel Project, 35 km northwest of

Grand Rapids, Manitoba

; the Big Ledge

Property, 57 km south of

Revelstoke, BC

; and the Lindsay Project in southeast

Arizona

.

Neither TSX Venture Exchange nor its Regulation Services

Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility

for the adequacy or accuracy of this release.

SOURCE

Stuhini Exploration Ltd.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/January2024/23/c6547.html

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For further information:

For further information please contact, David O'Brien, President & Chief

Executive Officer, Telephone (604) 835-4019, Email [email protected]

CO: Stuhini Exploration Ltd.

CNW 01:54e 23-JAN-24