Winshear Grants 2,000,000 Incentive Stock Options
WINSHEAR GRANTS 2,000,000 INCENTIVE STOCK OPTIONS
Vancouver, October 24, 2022
Winshear Gold Corp. (TSX-V: WINS) (“Winshear” or the “Company”) has granted 2,000,000 incentive
stock options to directors, officers, employees and consultants of the Company. The options have an
exercise price of $0.10 per share and expire on October 22, 2027. The options vest on a quarterly
basis over the next 12 months.
Winshear’s Stock Option Plan allows for the issuance of up to 10% of issued and outstanding share
capital in the form of incentive stock options. As a result of this grant, the company has 5,050,000
options issued, representing 7.0% of the issued and outstanding share capital of the Company. Of
the 2,000,000 options granted, 1,600,000 were granted to Directors and Officers of the Company.
About Winshear Gold Corp
Winshear Gold Corp. is a Canadian-based minerals exploration company advancing the Gaban Gold
Project in the Puno region of Peru. Gaban is a possible hard-rock source for the modern-day alluvial
gold rush underway in the Madre de Dios basin downstream; Winshear is investigating the project
for potential to host significant volumes of potentially minable gold resource.
The Company is also conducting fully funded arbitration proceedings against the Tanzanian
Government to recover its investment and damages for the expropriated SMP gold project in
Tanzania.
For more information, please contact Irene Dorsman at +1 (604) 200 7874 or by e-mail at
ON BEHALF OF THE BOARD OF DIRECTORS
“Richard D. Williams”
Richard Williams, P.Geo, CEO
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.