Xcite Resources Inc. Issues Stock Options
NEWS RELEASE
(Not for distribution to US news wire services or dissemination in the United
States)
XCITE RESOURCES INC. ISSUES STOCK OPTIONS
Vancouver, British Columbia, February 3, 2026: Xcite Resources Inc. (CSE:XRI) (“XRI”, “Xcite”
or the “Company”) announces that is has granted an aggregate of 4,900,000 stock options to
directors, officers and consultants of the Company. Each option is exercisable for one common
share of the Company at a price of $0.14 for five years.
Directors and officers of the Company received stock options, which is considered to be a “related
party transaction” as defined under Multilateral Instrument 61 -101 (“MI 61 -101”). The related
party transaction is exempt from the formal valuation and minority shareholder approval
requirements of MI 61-101 as the fair market value of the transaction does not exceed 25% of the
market capitalization of the Company, as determined in accordance with MI 61-101. In considering
and unanimously approving the transaction, there were no materially contrary views, abstentions
(except for any abstentions required by corporate law) or material disagreements by any director
of the Company. The Company did not file a material change report at least 21 days before issuing
the stock options, which is reasonable given the MI 61-101 exemptions noted above.
About Xcite Resources Inc.
Xcite Resources is an early -stage exploration company working to become a leader in the
discovery and development of energy transition metals. The uranium project portfolio in the
Athabasca basin will propel the Company’s efforts to achieve a high -grade discovery based on
new geological modelling and exploration thesis in a past -producing uranium camp dormant for
40 years. The Uranium City project portfolio constitutes the Don Lake, Beaver River, Smitty,
Lorado, Gulch and Black Bay properties.
On behalf of the Board of Directors of Xcite Resources Inc.
Jean-Francois Meilleur, CEO
Contact:
Jean-Francois Meilleur
CEO, Director and Shareholder
Xcite Resources Inc. (CSE:XRI)
+1 514 951 2730
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the
CSE) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements:
Certain statements contained in this news release constitute “forward -looking information” as
such term is defined in applicable Canadian securities legislation. The words “may”, “would”,
“could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”,
“estimate”, “expec t” and similar expressions as they relate to the Company, are intended to
identify forward-looking information. All statements other than statements of historical fact may
be forward -looking information. Such statem ents reflect the Company’s current views and
intentions with respect to future events, and current information available to them, and are subject
to certain risks, uncertainties and assumptions, including, without limitation: the potential of the
Company’s mineral properties; the estimation of capital requirements; the estimation of operating
costs; the timing and amount of future business expenditures; and the availability of necessary
financing. Many factors could cause the actual results, performance or achievements that may be
expressed or implied by such forward -looking information to vary from those described herein
should one or more of these risks or uncertainties materialize. Such factors include but are not
limited to: changes in economic condition s or financial markets; increases in costs; litigation;
legislative, environmental and other judicial, regulatory, political and competitive developments;
and exploration or operational difficulties. This list is not exhaustive of the factors that may affect
forward-looking information. These and other factors should be considered carefully, and readers
should not place undue reliance on such forward-looking information. Should any factor affect the
Company in an unexpected manner, or should assumptions und erlying the forward -looking
information prove incorrect, the actual results or events may differ materially from the results or
events predicted. Any such forward - looking information is expressly qualified in its entirety by
this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy
or completeness of such forward-looking information. The forward-looking information included
in this press release is made as of the date of this press release and the Company undertakes n o
obligation to publicly update or revise any forward -looking information, other than as required
by applicable law.