Jiulian Adopts New Stock Option Plan, Announces Option Grant and Appoints new President and CEO
#335 – 1632 Dickson Avenue Kelowna, BC V1Y 7T2
www.jiulianresources.com
News Release
Jiulian Adopts New Stock Option Plan, Announces Option Grant and Appoints new President
and CEO
July 9, 2020 TSX-V: JLR
JIULIAN RESOURCES INC. (TSX -V: JLR) ("Jiulian" or the " Company") announces that its Board of
Directors has approved an amendment to its stock option plan subject to the approval by the shareholders
of the Company at the annual general meeting of shareholder to be held later this year (the “AGM”) and
upon receipt of final approval by the TSX Venture Exchange (the “Exchange”).
The Company proposes to replace its current 10% fixed plan (the “Prior Plan”) with a rolling 10% stock
option plan (the “ 2020 Option Plan ”). Under the 2020 Option Plan, the Company may grant options to
acquire common shares of the Company equal to 10% of the issued and outstanding shares from time to
time subject to the terms and conditions prescribed by the Exchange and applicable securities laws.
Current options outstanding to purchase common shares of the Company gran ted prior to the amendment
will continue to be exercisable and will be governed by and subject to the terms of the 2020 Option Plan.
Pursuant to the 2020 Option Plan, the Company has granted to certain directors of the Company options to
purchase an aggregate 300,000 common shares at a purchase price of $0.05 for a period of five years (“New
Options”). To the extend that the number of New Options granted exceed the number of options permitted
under the Prior Plan, the New Options are subject to Exchange Ap proval and Disinterested Shareholder
Approval (as such term defined in the policies of the Exchange) and will be presented for approval at the
Company’s upcoming AGM.
A copy of the proposed 2020 Option Plan will be available from the Corporate Secretary of the Company
upon request and will be included in the Company’s information circular to be filed on SEDAR, at
www.sedar.com for the upcoming AGM.
The Company wishes to announce the appointment of Douglas Meirelles as the Company’s President and
Chief Executive Officer. Mr. Meirelles was recently appointed as director to the Company (news release April
8, 2020) and will now assume the day to day operations of Jiiulian.
Mr. Meirelles stated: “I am very excited to be transitioning to the role of President and CEO for Jiulian. I will
be working closely with the board and our technical team to add to the Company's portfolio of assets and
look forward to driving shareholder value and future operations”.
The Company wishes to thank Charlie Cheng for his tenure and the Company’s success to date. Mr. Cheng
will remain a director of the Company.
About Jiulian
Jiulian is an exploration company engaged in acquiring and advancing mineral properties located in
southern British Columbia. The Company’s flagship asset is the wholly-owned, 4,056-hectare Big Kidd
property, located near Aspen Grove, BC. The Big Kidd prop erty is located 25 km (approximately 15
minutes via Highway 97C) east of Merritt, BC, and 102 km west of the Company’s head office in Kelowna,
BC. The Property has a network of gravel roads, LTE cellular service and a high -voltage power line
running across it. Jiulian Resources is listed on the TSX-V under the symbol “JLR”.
#335 – 1632 Dickson Avenue Kelowna, BC V1Y 7T2
www.jiulianresources.com
ON BEHALF OF THE BOARD OF DIRECTORS OF
JIULIAN RESOURCES INC.
“Marc Leduc”
Marc Leduc
Director
For more information regarding this news release, please contact:
Oliver Friesen, Director
T: 604-789-6128
W: www.jiulianresources.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, constitute "forward-looking information" as such term is used in
applicable Canadian securities laws. Forward -looking information is based on plans, expectations and estimates of
management at the date the information is provided and is subject to certain factors and assumptions, including:
that the Company's financial condition and development plans do not change as a result of unforeseen events, that
the Company obtains required regulatory approvals, that the Company continues to maintain a good relationship
with the local project communities. Forward-looking information is subject to a variety of risks and uncertainties and
other factors that could cause plans, estimates and actual results to vary materia lly from those projected in such
forward-looking information. Factors that could cause the forward-looking information in this news release to change
or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prov e not to be
valid or reliable, which could result in delays, or cessation in planned work, that the Company's financial condition
and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the
geology, gr ade and continuity of mineral deposits, the possibility that results will not be consistent with the
Company's expectations, as well as the other risks and uncertainties applicable to mineral exploration and
development activities and to the Company as set forth in the Company's Management’s Discussion and Analysis
reports filed under the Company's profile at www.sedar.com. There can be no assurance that any forward -looking
information will prove to be accurate, as actual results and future events could differ materially from those anticipated
in such statements. Accordingly, the reader should not place any undue reliance on forward -looking information or
statements. The Company undertakes no obligation to update forward-looking information or statements, other than
as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.