Mr. Terry Coughlan reports

MONGOOSE MINING ANNOUNCES GRANT OF STOCK OPTIONS

Mongoose Mining Ltd.'s board of directors approved today a grant of stock options under the company's share-based compensation program.

Grant terms

The company granted a total of 2.55 million stock options to directors and certain officers and a consultant. Each stock option is exercisable into one common share of the company at an exercise price of 6.5 cents per share for a period of one year until Jan. 6, 2027. The newly granted stock options vest immediately.

Following the grant, the company now has 3.45 million incentive stock options outstanding, representing 9.9 per cent of the company's issued and outstanding common shares.

About Mongoose Mining Ltd.

Mongoose Mining is a Canadian exploration company focused on advancing its portfolio of mineral projects in Canada. The company is committed to responsible exploration practices and to creating value through discovery, technical excellence and strong community partnerships.