Silver Grail Approves New Stock Option Plan
SILVER GRAIL RESOURCES LTD.
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.silvergrail.com
NEWS RELEASE – APRIL 12, 2022
Silver Grail Approves New Stock Option Plan
Vancouver, Canada –– Silver Grail Resources Ltd. (“Silver Grail” or “the Company”) (“SVG”-TSX-
V) has adopted a new stock option plan, called the 2022 Stock Option Plan, to replace its old stock option
plan. The new plan is a fixed less than or equal to 10 -per-cent plan, in accordance with TSX Venture
Exchange policy. It is identical to the old plan except that the total number of shares which may be issued
according to the plan has increased due to the increase in the company's shares outstanding.
The number of shares which can be reserved for issuance under the plan is 3,309,462, which is 10 per cent
of the 33,094,622 shares currently outstanding; there are currently 2,527,000 unexercised options which
were previously granted. The new plan is subject to acceptance by the TSX-V.
About Silver Grail
Silver Grail owns interests in over 12 mineral properties in the southern portion of the Golden Triangle, all
located within 35 k ilometers the town of Stewart, BC. Many of these properties contain veins or shear
zones hosting significant amounts of silver mineralization. In addition, the Company also owns interests
in three other properties in British Columbia containing cobalt mineralization. At this time, the most
prospective of these is the Pacifico on northern Vancouver Island which has some of the m ost anomalous
cobalt stream geochemistry in the province.
More detailed information can be found at the Company’s website, www.silvergrail.com.
On Behalf of the Board of Directors of Silver Grail Resources:
"Dino Cremonese, P .Eng."
Dino Cremonese, P . Eng.,
President and Chief Executive Officer
For further information, please contact:
Barry Holmes
Corporate Development and Communications
Tel. 778-430-5680
Email: [email protected]
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.
Cautionary Statements regarding Forward-Looking information
Certain statements contained in this press release constitute forward-looking information. These statements relate
to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements relating to matters that are not historical facts
are intended to identify forward-looking information and are based on the Company's current belief or assumptions
as to the outcome and timing of such future events. Actual future results may differ materially.
All statements relating to future plans, objectives or expectations of the Company are forward-looking statements
that involve various risks and uncertainties. Th ere can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the C ompany's plans or expectations
include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of
equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, genera l
economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals
and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise except as otherwise required by applicable
securities legislation.