Mr. Richard Penn reports

FIRST ATLAS RESOURCES CORP. ANNOUNCES GRANT OF OPTIONS AND RSUS

First Atlas Resources Corp., subject to Canadian Securities Exchange approval, has granted 1.55 million restricted share units (RSUs) to management and consultants to the company. These RSUs will vest quarterly in 25-per-cent increments from the date of grant, with the first vesting date being Sept. 18, 2026. RSUs are subject to a four-month exchange hold period from the date of grant.

The company also announces, subject to CSE approval, that it has granted 6.3 million options to consultants and management of the company. The options are exercisable at a price of five cents for a period of two years. The options are subject to a four-month exchange hold period form the date of grant.

Insider awards are as follows:

• Richard Penn, chief executive officer, 800,000 RSUs and one million options;
• Krystal Pineo, director, 250,000 RSUs;
• Kwaku Ashong, director, 250,000 RSUs;
• Mathieu Piche, director, 250,000 RSUs.

We seek Safe Harbor.