Announces Grant of Stock Options
FOR IMMEDIATE RELEASE
CRYSTAL PEAK MINERALS INC.
ANNOUNCES GRANT OF STOCK OPTIONS
Toronto, November 14, 2017 – Crystal Peak Minerals In c. (“Crystal Peak” or the
“Company”) (TSXV: CPM, OTCQX: CPMMF) announced today that it has granted options
to purchase common shares of the Company (“ Options”) to certain directors, consultants, and
employees; and has issued Restricted Stock Units ( RSUs) to certain directors. Crystal Peak
granted an aggregate of 750,000 options to certai n directors of the Company; an aggregate of
450,000 options to consultants of Crystal Peak or of the Company’s subsidiary; and an aggregate
of 650,000 options to employees of the Company’ s subsidiary; and an aggregate of 4,081,609
RSUs to certain directors.
All options for employees and consultants of Cr ystal Peak or the Company’s subsidiary are
exercisable over a period of five years at a pr ice of $0.42 per common share and shall vest in
three equal annual installments on the first, sec ond, and third anniversaries of the Option grant.
The director’s options are exercisable over a period of five years at a price of $0.40 per common
share and shall vest in three equal annual installments on the first, second, and third anniversaries
of the Option grant. The RSU grants have full ve sting upon retirement from the board or in the
event of a change of control; or in three equa l annual installments on January 15, 2018, January
15, 2019, and January 15, 2020; whichever comes first.
The options are granted pursuant to the Compan y's stock option plan, which was reapproved by
shareholders at an annual and special meeting of shareholders held on June 20, 2017. The RSUs
are granted pursuant to the Company's Restrict ed Stock Units plan, which was approved by
shareholders at an annual and special meeting of shareholders held on June 20, 2017.
About Crystal Peak Minerals Inc.
Crystal Peak is focused on the production of premiu m specialty fertilizers. Crystal Peak controls,
directly or through agreement, mineral leases on more than 124,000 acres on its Sevier Playa
property in Millard County, Utah. With a brin e mineral resource known to contain potassium,
magnesium, sulphate, lithium, and a suite of other beneficial minerals, Crystal Peak is targeting
the production of specialty fertil izers, initially focused on pota ssium sulphate (“SOP”), through
the use of a cost-effective solar evaporation process. SOP and othe r specialty fertilizers are used
in the production of high value, chloride-sensitive crops such as fruits, vegetables, and tree nuts.
Crystal Peak is currently engaged in engineerin g and analysis designed to support a feasibility
study, environmental permitting, and ultimately mineral production.
For further information, please contact:
Lance D'Ambrosio
Chief Executive Officer
(801) 485-0223
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.
Forward-Looking Information
This news release contains "forward-looking in formation" within the meaning of applicable
Canadian securities legislation. Forward-looking information incl udes, but is not limited to, the
feasibility study and the results thereof; the ta rgeting of the development and production of
specialty fertilizers and associated minerals, including SOP, lithium, and magnesium compounds
through the use of a cost-effective solar evaporati on process; and Crystal Peak’s future business.
Generally, forward-looking information can be identified by the use of forward-looking
terminology such as "plans", "is expected", "expects" or "does not expect", "budget",
"scheduled", "estimates", "forecasts", "inten ds", "anticipates" or "does not anticipate",
"believes", or variations of su ch words and phrases; or terms th at state that certain actions,
events, or results "may", "could", "would", "might", or "will be taken", “could occur", or "be
achieved". Forward-looking information is base d on the opinions and estimates of management
at the date the information is made, and is base d on a number of assumpti ons and is subject to
known and unknown risks, uncertainties and other factor s that may cause the actual results, level
of activity, performance or achiev ements of Crystal Peak to be materially different from those
expressed or implied by such forward-looking information. Although Crystal Peak has attempted
to identify important factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factor s that cause results not to be
as anticipated, estimated, or inte nded. There can be no assuranc e that such information will
prove to be accurate, as actual results and futu re events could differ materially from those
anticipated in such information. Accordi ngly, readers should not place undue reliance on
forward-looking information. Crystal Peak doe s not undertake to update any forward-looking
information, except in accordance with applicable securities laws.