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Solstice Announces Amended and Restated Stock Option Plan

Share Capital & Compensation

Solstice Announces Amended and Restated Stock Option Plan

VANCOUVER, British Columbia, January 7, 2022 - Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our”

or the “ Company”) is pleased to announce that it has received final approval from the TSX Venture

Exchange for the amendment and restatement of the Company’s stock option plan (the “Amended and

Restated Plan”), which was approved by a majority of its shareholders at its annual general and special

meeting of shareholders held on December 14, 2021 (the “Meeting”).

The Amended and Restated Plan is a 10% rolling stock option plan meaning that the maximum number of

listed shares issuable under the plan is 10% of the issued and outstanding shares of the Company at the

time of the grant of options. As there are currently 162,645,679 common shares of the Company issued

and outstanding , a maximum of 1 6,264,567 shares are currently issuable under the Amended and

Restated Plan.

For more information on the Amended and Restated Plan, please see the Company’s management

information circular in respect of the Meeting on the Company’s SEDAR profile at www.sedar.com.

About Solstice Gold Corp.

Solstice is a gold -focused exploration company with high-quality, district scale projects in established

mining regions of Canada. Our 174 km2 Red Lake land position is located on the northern extensions of

the prolific Red Lake Gold District in Ontario. The RLX Gold Project is located approximately 45km from

the Red Lake Mine Complex owned by Evolution Mining. Our district scale Qaiqtuq Gold Project covers

886 km2 with certain other rights covering an adjacent 683 km 2, hosts a 10 km2 gold boulder field and is

fully permitted with multiple drill-ready targets. Qaiqtuq is located in Nunavut, Canada, only 26 km from

Rankin Inlet and approximately 7 km from the Meliadine gold deposits owned by Agnico Eagle Mines

Limited. Our newly formed 225km2 Atikokan Gold Project is in the Thunder Bay Mining District. Solstice

has approximately 162 million shares outstanding.

Solstice is committed to responsible exploration and development in the communities in which we work.

For more details on Solstice Gold, our exploration projects and details on our recently acquired portfolio

of projects please see our Corporate Presentation available at www.solsticegold.com.

Neither TSX Venture Exchange nor its Regulati on 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.

On Behalf of Solstice Gold Corp.

Mike Timmins, Chief Executive Officer

For further information on Solstice Gold Corp., please visit our website at www.solsticegold.com or

contact:

Phone: (604) 283-7234

[email protected]

Cautionary Note Regarding Forward-Looking Statements and Information

This news release contains certain forward -looking statements (“FLS”) including, but not limited to statements

relating to the Company’s planned exploration activities. FLS can often be identified by forward-looking words such

as “approximate or (~)”, “emerging”, “goal”, “plan”, “intent”, “estimate”, “expects”, “potential”, “scheduled”, “may”

and “will” or similar words suggesting future outcomes or other expectations, beliefs, plans, objectives, assumptions,

intentions or statements about future events or performance. There is also no guarantee that continued exploration

at Solstice exploration projects, all of which are at an early stage of exploration, will lead to the discovery of an

economic gold deposit. Factors that could cause actual results to differ materially from any FLS include, but are not

limited to the future impacts of the COVID 19 pandemic and government response to such pandemic, the ability of

the Company to continue exploration at its projects during the pandemic and the risk of future lack of access to the

projects as a result thereof, delays in obtaining or failures to obtain required governmental, environmental or other

project approvals, inability to locate source r ocks, inflation, changes in exchange rates, fluctuations in commodity

prices, delays in the development of projects, regulatory approvals and other factors. FLS are subject to risks,

uncertainties and other factors that could cause actual results to differ materially from expected results.

Potential shareholders and prospective investors should be aware that these statements are subject to known and

unknown risks, uncertainties and other factors that could cause actual results to differ materially from thos e

suggested by the FLS. Shareholders are cautioned not to place undue reliance on FLS. By their nature FLS involve

numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility

that the predictions, forecasts, projections and various future events will not occur. Solstice undertakes no obligation

to update publicly or otherwise revise any FLS whether as a result of new information, future events or other such

factors which affect this information, except as required by law.

This news release contains information with respect to adjacent or other mineral properties in respect of which the

Company has no interest or rights to explore or mine or acquire. Readers are cautioned that mineral deposits on

adjacent or similar properties are not indicative of mineral deposits on the Company’s properties, nor is there

certainty that Solstice’s projects will contain economic mineralization. This news release mentions other companies

that are unrelated to Solstice and this does not imply any agreements, partnerships or rights with respect to any of

these companies or their properties other than where explicitly defined. Past performance is no guarantee of future

performance and all investors are urged to consult thei r investment professionals before making an investment

decision.