Mr. Mike Bandrowski reports

BIG RIDGE ANNOUNCES GRANT OF INCENTIVE STOCK OPTIONS AND SHARE-BASED COMPENSATION

Big Ridge Gold Corp. has awarded share-based compensation to certain officers and non-executive directors, with all awards effective July 1, 2024.

Big Ridge awarded a total of 1.5 million options to its officers under the terms of the company's amended and restated option plan. These options are exercisable at a price of six cents per share, expire on July 1, 2029, and vest in equal tranches on July 1, 2024, July 1, 2025, and July 1, 2026. In addition, Big Ridge awarded a total of 150,000 restricted share units (RSUs) to its officers under the terms of the company's amended and restated restricted share unit plan. These RSUs vest in equal tranches on July 1, 2025, July 1, 2026, and July 1, 2027.

Finally, Big Ridge awarded a total of 1.8 million deferred share units (DSUs) to its directors under the terms of the company's cash-based DSU plan. These DSUs vested with immediate effect.

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 local communities. Big Ridge is the operator of the Hope Brook gold project, located in Newfoundland and Labrador. The company currently owns 80 per cent of the Hope Brook gold project. In addition, Big Ridge owns a 100-per-cent interest in the highly prospective Oxford gold project, located in Manitoba, and the Destiny gold project, located in Quebec.

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