Mr. Mike Bandrowski reports

BIG RIDGE GOLD ISSUES CLARIFICATION REGARDING EXPIRY DATE OF OPTIONS

Big Ridge Gold Corp. has made a clarification with respect to the expiry date of 3.1 million replacement stock options issued in connection with the company's acquisition of the outstanding securities of Gold Island Inc. and announced previously by way of a press release dated Aug. 17, 2023.

On Aug. 11, 2023, the company completed its acquisition of Gold Island and, as part of the purchase consideration for this acquisition, issued 3.1 million stock options of the company to replace a total of 3,875,000 options held by officers, directors and consultants of Gold Island. In its press release dated Aug. 17, 2023, the company reported that these replacement options had been issued with an expiry date of Aug. 11, 2028. The correct expiry date of these options is June 30, 2028. In addition, one-third of the replacement options vested on Aug. 10, 2023, with the remaining options vesting one-third on June 30, 2024, and one-third on June 30, 2025.

About Big Ridge Gold Corp.

Big Ridge 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 its 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.

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