Mr. Mike Bandrowski reports

GRANT OF INCENTIVE STOCK OPTIONS AND SHARE-BASED COMPENSATION

Big Ridge Gold Corp. has granted incentive stock options pursuant to the company's long-term and short-term incentive plans to the company's officers to purchase an aggregate of 2,475,636 common shares of the company at an exercise price of 15 cents in accordance with the terms of the company's stock option plan. The options are exercisable for a five-year term expiring Aug. 16, 2028. In addition, the company granted a total of 1,241,986 restricted share units pursuant to the company's long-term and short-term incentive plans to the company's officers and a total of 1,869,658 equity-settled deferred share units to the company's non-employee directors.

The details of these grants and the associated vesting provisions are set out in the attached table.

In addition, the company clarified certain details with respect to stock options and broker warrants issued pursuant to its acquisition of Gold Island Inc., announced Aug. 14, 2023:

• As announced previously, the company issued a total of 3.1 million options with an exercise price of 15 cents per share as replacements for stock options issued previously by Gold Island. These options were issued with a five-year term expiring on Aug. 11, 2028.
• In addition, the company issued 1,029,744 broker warrants exercisable at a price of43.75 cents per share as replacements for broker warrants issued previously by Gold Island. These warrants expire on Jan. 5, 2026.

About Big Ridge Gold Corp.

Big Ridge Gold is an exploration and development company managed by a disciplined and experienced team of officers and directors. The company is committed to the development of advanced-stage mining projects using industry best practices combined with strong social licence from the company's local communities. Big Ridge owns a 100-per-cent interest in the highly prospective Oxford gold project, located in Manitoba, and the Destiny gold project in Quebec. Big Ridge is the operator of the Hope Brook gold project, located in Newfoundland and Labrador. The company currently owns 51 per cent of the Hope Brook gold project and has an option to earn up to 80 per cent by June, 2026.

We seek Safe Harbor.