Newterra Resources Announces Grant of Stock Options and Early Warning Reports Issued

Core Viewpoint - Newterra Resources Inc. has granted incentive stock options to directors, officers, and consultants, allowing the purchase of up to 880,000 common shares at a price of $0.05 per share for a period of 10 years [1] Group 1: Stock Options Grant - The company has granted a total of 880,000 stock options under its incentive share option plan [1] - The options are exercisable for 10 years at a price of $0.05 per share, with a hold period expiring on April 23, 2026 [1] Group 2: CEO's Shareholding - Darren Blaney, the CEO, owned 2,145,000 shares prior to receiving 320,000 options, representing approximately 12.7% of the outstanding shares on a non-diluted basis [2] - After the grant, assuming all options are exercised, his ownership would increase to approximately 15.3% on a partially diluted basis [2] Group 3: CFO's Shareholding - Robert Edwards, the CFO, owned 1,525,000 shares before receiving 320,000 options, which represented about 9% of the outstanding shares on a non-diluted basis [3] - Following the grant, his ownership would rise to approximately 11.8% on a partially diluted basis if all options are exercised [3] Group 4: Company Overview - Newterra Resources Inc. is focused on mineral resource exploration, particularly in precious metals, and holds a 100% interest in the Iron Horse Project located in British Columbia [5]