Mr. Peeyush Varshney reports

GREAT PLAINS IMPLEMENTS NEW OMNIBUS EQUITY INCENTIVE PLAN

Great Plains Metals Corp.'s board of directors has approved a new omnibus equity incentive plan, which is intended to replace the company's current stock option plan last approved by shareholders at the annual general meeting held on Nov. 20, 2024.

The new plan is a rolling-up-to-10-per-cent-and-fixed-up-to-10-per-cent equity incentive plan, as such term is defined in TSX Venture Exchange corporate finance manual Policy 4.4, Security Based Compensation. The new plan allows the company to issue up to a maximum of 10 per cent of the issued and outstanding common shares of the company in stock options and up to an aggregate of 7,694,071 common shares issuable pursuant to performance share units, deferred share units, restricted share units and other share-based awards, which number represents a fixed maximum under the new plan, to directors, officers, employees and consultants of the company.

At the next annual general meeting of shareholders on May 28, 2026, the company will ask shareholders to ratify and confirm the adoption of the new plan, in accordance with exchange requirements. The exchange has conditionally approved the new plan; however, it remains subject to final approval.

About Great Plains Metals Corp.

Great Plains Metals is an emerging Australia-focused copper-gold explorer. The strategy of Great Plains Metals is to focus on drill-ready projects with a rapid discovery model in highly prospective geological addresses. The company has a portfolio that consists of Yeoval Goodrich, located in the Lachlan fold belt; the Everton project in Victoria; and an IOCG (iron oxide copper-gold) project in South Australia.

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