Group 1 - Cygnus Metals Limited has issued 3,000,000 additional performance rights to CEO Nicholas Kwong under its Omnibus Equity Incentive Plan following management changes [1] - Mr. Ernest Mast transitioned from Managing Director to Non-Executive Director and forfeited 6,000,000 performance rights as part of this transition [1] - The performance rights vest upon the successful completion of specific key performance objectives by July 11, 2028, and each vested right is exercisable for one fully paid ordinary share [3] Group 2 - The objective of the Omnibus Equity Incentive Plan is to promote the long-term success of the Company and align the interests of eligible persons with those of the Company [4] - Shareholders approved the Plan and the issuance of performance rights to directors at the annual general meeting on May 14, 2025 [2] - Cygnus Metals is focused on advancing its Chibougamau Copper-Gold Project in Quebec and has significant lithium assets in the James Bay district, along with REE and base metal projects in Western Australia [6]

Core Points - Cygnus Metals Limited has issued a total of 67,050,000 performance rights to directors, key employees, and consultants under its Omnibus Equity Incentive Plan [1][2] - The performance rights were approved by shareholders during the annual general meeting on May 14, 2025, and are issued under the same terms for key personnel as for directors [2] - The performance rights will vest one year after issuance or upon the successful completion of specific key performance objectives within three years [3] - Each vested performance right can be converted into one fully paid ordinary share and will expire on May 31, 2030, unless exercised before this date [3] - The objective of the Plan is to promote long-term success and shareholder value by aligning the interests of eligible participants with those of the Company [4] Company Overview - Cygnus Metals Limited (ASX: CY5, TSXV: CYG) is a diversified critical minerals exploration and development company with projects in Quebec, Canada, and Western Australia [6] - The Company is focused on advancing its Chibougamau Copper-Gold Project in Quebec through an aggressive exploration program aimed at resource growth [6] - Cygnus also holds quality lithium assets in the James Bay district of Quebec and has rare earth element (REE) and base metal projects in Western Australia [6] - The management team has a proven track record of transforming exploration success into production enterprises and enhancing shareholder value [6]