Granada Gold Grants Stock Options

Group 1 - Granada Gold Mine Inc. has granted stock options to its directors and officers for a total of 3,400,000 common shares at an exercise price of $0.05 per share, exercisable for five years [1] - The company is developing and exploring its 100% owned Granada Gold Property, which spans 14.73 square kilometers near Rouyn-Noranda, Quebec, and is adjacent to the Cadillac Break [3] - A large drill program is underway with 18,000 meters completed out of a planned 120,000 meters, currently paused for data evaluation and to await better market conditions [3] Group 2 - The Granada Shear Zone and South Shear Zone contain up to twenty-two mineralized structures over five and a half kilometers, with historical underground grades ranging from 8 to 10 grams per tonne gold [4] - The former Granada Gold underground mine produced over 50,000 ounces of gold at 10 grams per tonne in the 1930s, with additional bulk samples extracted in the 1990s grading 5.17 g/t Au and 3.46 g/t Au [5]