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VZZ.V ·

Val-D’Or Mining Corporation Grants Incentive Stock Options

Share Capital & Compensation

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

2864 chemin Sullivan

Val-d’Or, Québec J9P 0B9

819.824.2808 (main)

819.824.3379 (fax)

[email protected]

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VAL-D’OR MINING CORPORATION GRANTS INCENTIVE STOCK OPTIONS

Val-d’Or, Québec, October 24, 2018 — Val-d’Or Mining Corporation (TSX-V:MZZ) (the “Company”)

announces that it has granted incentive stock options to the Co mpany’s directors, officers, employees and

consultants, which entitle the purchase of an aggregate 510,097 common shares in the capital of the Company at

a per share exercise price of $0.11 until October 24, 2023. An y common shares issued on exercise of these

options will be subject to a hold period until February 25, 201 9, pursuant to applicable legislation and the

policies of the TSX Venture Exchange.

About Val-d’Or Mining Corporation

Val-d’Or Mining Corporation is a junior natural resource issuer involved in the process of exploring, evaluating

and promoting its mineral property assets. The Company holds an option to acquire a 100% interest in 61

grassroots properties in the Abitibi Greenstone Belt, located i n NE Ontario and NW Québec; in addition to

which it holds a 100% interest in the Shoot-Out Prospect, consi sting of 63 claims located in the Raglan Belt of

Nunavik, Québec, subject to a 3% NSR. The Company continues to review new opportunities.

For additional information, please contact:

Glenn J. Mullan

2864 chemin Sullivan

Val-d’Or, Québec J9P 0B9

Tel.: 819-824-2808, x 204

Email: [email protected]

Forward Looking Statements:

This news release contains certa in statements that may be deeme d “forward-looking statements. Forward looking

statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”,

“plans”, “anticipates”, “believes”, “intends”, “estimates”, “pr ojects”, “potential” and similar expressions, or that events or

conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed

in such forward-looking statemen ts are based on reasonable assu mptions, such statements are not guarantees of future

performance and actual results or realities may differ materially from those in forward looking statements. Forward looking

statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are

made. Except as required by law, the Company undertakes no obl igation to update these forward-looking statements in the

event that management’s beliefs, estimates or opinions, or other factors, should change.

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 news release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO

U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE

AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF T HE SECURITIES

DESCRIBED HEREIN IN THE UNITED ST ATES. THESE SECURITIES HAVE NO T BEEN, AND WILL NOT

BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY

STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UN ITED STATES OR TO U.S.

PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.