Signature Resources Announces Option Grant to the Board, Management and Advisors

Core Points - Signature Resources Ltd. has granted a total of 2,400,000 incentive stock options to its Board, Management, and Advisors, with an exercise price of $0.055 and a five-year expiration period [1][2] - The options vest 25% immediately and 25% annually until the third anniversary, and are the only form of compensation for non-executive directors [1] Company Overview - Signature Resources is a Canadian advanced stage exploration company focused on the Lingman Lake gold deposit in the Red Lake district of Northwestern Ontario [3] - The Lingman Lake property consists of approximately 24,821 hectares, including 1,274 single-cell and 13 multi-cell staked claims, and has a historical underground mine structure [3] - The initial mineral resource estimate includes an indicated 95,200 ounces of gold at an average grade of 1.38 g/t and an inferred 674,320 ounces at an average grade of 1.14 g/t, based on a cutoff grade of 0.30 g/t [3] - The company aims to expand the known mineralized envelope using its 100% owned diamond drilling rigs [3] - A new 115kV high tension transmission line was energized by Wataynikaneyap Power within 40 km of the historic Lingman Lake Mine in November 2023 [3]