Pelangio Exploration Grants Stock Options
Pelangio Exploration Inc. News Release – August 31, 2022
82 Richmond Street East, Toronto, ON M5C 1P1 T: 905-336-3828
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NEWS RELEASE
PELANGIO EXPLORATION GRANTS STOCK OPTIONS
TORONTO, Ontario ( August 31, 20 22) – Pelangio Exploration Inc. (PX:TSX -V; OTC PINK:PGXPF)
(“Pelangio” or the “Company”) today announced that the Board of Directors has approved the grant of
1,505,000 incentive stock options to certain directors, officers, employees and consultants of the
Company. The stock options are exerciseable into common shares of the Company at a price of $0.05 per
share. Subject to the rules of the TSX Venture Exchange and the Company’s Stock Option Plan, the options
have a term of five years and will expire on August 31, 2027.
Neither TSX-V nor its Regulation Services Provider (as that term is define d in the policies of the TSX -V)
accepts responsibility for the adequacy or accuracy of this release.
About Pelangio
Pelangio acquires and explores prospective land packages located in world-class gold belts in Ghana, West
Africa and Canada. In Ghana, the Company is exploring its two 100% owned camp -sized properties: the
100 km2 Manfo property, the site of eight near -surface gold discoveries, and the 284 km2 Obuasi
property, located 4 km on strike and adjacent to AngloGold Ashanti’s prolific high -grade Obuasi Mine, as
well as the newly optioned Dankran property located adjacent to its Obuasi property. In Canada, the
Company is focused in Ontario at its Dome West property, situated some 800 meters from the Dome Mine
in Timmins; at its Gowan polymetallic project, located 16 km east of the Kidd Creek Mine; and at its newly
acquired Kenogaming polymetallic project, located 63 km southwest of Timmins. See www.pelangio.com
for further detail on all Pelangio’s properties.
For additional information, please visit our website at www.pelangio.com, or contact:
Ingrid Hibbard, President and CEO
T: 905-336-3828 TF: 1-877-746-1632 E: [email protected]