Sierra Madre Announces Grant of Stock Options

Group 1 - Sierra Madre Gold and Silver Ltd. has granted stock options to employees, directors, management, and consultants, totaling 2,750,000 common shares at a price of $0.73 per share for five years [1] - The stock options will vest in a staggered manner, with 40,000 options granted to the investor relations consultant, Adelaide Capital, vesting over a year [1] - The stock option grant is subject to acceptance by the TSX Venture Exchange [1] Group 2 - Sierra Madre is focused on the Guitarra mine in Mexico and the exploration of its Tepic property, with the Guitarra mine having restarted commercial production in January 2025 [2] - The Tepic Project covers over 2,600 hectares and hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource [3] - The management team has significant experience, having collectively raised over $1 billion for mining companies [3]