Bulgold Announces Grant of Stock Options
BULGOLD ANNOUNCES GRANT OF STOCK OPTIONS
Toronto, ON. July 20, 2023 – BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “ BULGOLD”) announces that
the Company has granted stock options (the “Options”) today to purchase up to 1,840,000 common shares of the
Company (the “Common Shares”) to the undernoted persons in the number set out opposite their names , valid
for a period of five (5) years from the date of initial grant at an exercise price of C$0.30 per Common Share. The
Options will vest on the following schedule: (i) one -third immediately upon grant, (ii) one -third after one (1) year
from initial grant, and (iii) one-third after two (2) years from initial grant.
Mihaela Maria Barnes Director 300,000
Laurie Marsland Director 150,000
Colin Jones Director 150,000
Vanessa Cook Director 150,000
Jeff Pennock Management 300,000
Jim Crombie Management 150,000
Sean Hasson Management 150,000
Danko Zhelev Employee 150,000
Andrew Newbury Consultant 20,000
Brett Davis Consultant 20,000
Dick Tosdal Consultant 20,000
Mathias Knaak Consultant 20,000
Joe Crummy Consultant 125,000
Dimitri Constantinides Consultant 125,000
Sofia Toteva Consultant 10,000
Total Grant 1,840,000
The stock options have been granted to directors, officers, employees, and consultants of the Company under the
terms of the Company’s stock option plan and are subject to regulatory approval.
About BULGOLD Inc.
BULGOLD is a gold exploration company focused on the exploration and development of mineral exploration
projects in Eastern and Central Europe. The Company controls 100% of two quality quartz -adularia epithermal
gold projects located in the Bulgarian portion of the Western Tethyan Belt: the Kutel Gold Project and the Kostilkovo
Gold Project. Management of the Company believes that its assets show potential for high-grade, good-metallurgy,
low-sulfidation epithermal gold mineralisation. The Company also holds an option to acquire a 100% interest in the
Lutila exploration licence located in central Slovakia which is prospective for low -sulfidation epithermal gold
mineralisation.
BULGOLD had approximately $1.6 million in its treasury at March 31, 2023. BULGOLD’s issued and outstanding
share capital totals 27,597,928 common shares, of which approximately 39.5% is held by Founders, Directors and
Management.
Additional information about the Company is available on BULGOLD’s website ( www.BULGOLD.com) and on
SEDAR (www.sedar.com).
Neither 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 Statement Regarding Forward-Looking Information
This press release contains forward ‐looking statements and forward ‐looking information within the meaning of
applicable securities laws. These statements relate to future events or future performance and include statements
regarding the Company’s intention to grant stock options to certain directors, officers, employees and consultants of
the Company and the terms of the stock options . All statements other than statements of historical fact may be
forward‐looking statements or information. The forward‐looking statements and information are based on certain key
expectations and assumptions made by management of the Company. Although management of the Company
believes that the expectations and assumptions on which such forward-looking statements and information are based
are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no
assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current
expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on
such statements and information may not be appropriate for other purposes, such as making investment decisions.
Since forward‐looking statements and information address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a
number of factors and risks, including the inherent uncertainty of mineral exploration; risks related to title to mineral
properties; and credit, market, currency, operational, commodity, geopolitical, liquidity and funding risks generally,
including changes in economic conditions, interest rates or tax rates and general market and economic conditions.
Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained
in this press release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking
statements and information contained in this press release are made as of the date hereof and no undertaking is
given to update publicly or revise any forward ‐looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable securities laws. The forward -looking
statements and information contained in this press release are expressly qualified by this cautionary statement.
For further information, please contact:
BULGOLD Inc.
Sean Hasson, President and Chief Executive Officer
Telephone: +359 2 989 2361
Email: [email protected]
Website: www.BULGOLD.com