Rupert Resources Announces Grant of Performance Share Units and Share Options

By Investor Empires On Jun 3, 2024

TORONTO – Rupert Resources Ltd. announced… (“Rupert Resources” or the “Company”) today announced that pursuant to the Company’s amended and restated stock incentive plan dated November 9, 2022 (the “Plan”), the Company has granted 295,079 performance stock units (“PSUs”) to certain officers and employees of the Company. or its subsidiaries. PSUs will vest in accordance with certain performance objectives of the Company and each PSU will be converted into up to one common share in the Company, or its cash equivalent, depending on the level of achievement of such performance objectives. After the grant of performance preview units, there are 604,651 performance share units outstanding under the plan.

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Further, the Company announces that, pursuant to the rules of the Plan, it has granted a total of 1,081,780 options to certain officers and employees of the Company or its affiliates (“Options”). The options were granted on May 31, 2024, at an exercise price of $4.09 per share, which was the closing price of the Company's shares on the TSX on May 30, 2024. The options are exercisable for a period of five years from the date of grant. , with 1/3 of the options vesting after 12 months, 1/3 after 24 months and the remainder after 36 months. After the grant of the options, there are 5,895,261 options outstanding under the Plan, representing 3.0% of the issued and outstanding shares of the Company.

About Robert Resources

Rupert Resources is a gold exploration and development company listed on the TSX under the symbol “RUP”. The company focuses on realizing and developing discoveries of scale and quality with high margin and low environmental impact potential. The company's main focus is Ikari, a new high-grade gold discovery in northern Finland. Ikari is part of the Company's “Robert's Lapland Project”, which also includes the Bhatavaara gold mine, mill and exploration permits (“Pahtavara”). The company also has a 20% participating interest in the Gold Center property located adjacent to the Red Lake mine in Ontario.

Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary note regarding forward-looking statements

This press release contains statements that, other than statements of historical fact, constitute “forward-looking statements” within the meaning of applicable securities laws, including statements regarding: the results of exploration and mineral resource activities. “may”, “could”, “could”, “will”, “intend”, “plans”, “expects”, “believes”, “estimates”, “anticipates” and similar expressions, as they relate to intended The Company disclaims such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management that are considered reasonable on the date the statements are made, and are inherently subject to a variety of known and unknown risks, uncertainties and other factors that could cause events or results to differ materially from those anticipated in the forward-looking statements. . These factors include the general risks of the mining industry, as well as those risk factors discussed or referenced in the Company's Annual Management's Discussion and Analysis for the year ending February 29, 2024, which is available on the Company's website. www.rupertresources.com And on Cedar+ www.sedarplus.ca . Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual results may differ materially from those described herein as intended, planned, anticipated, believed, estimated or projected. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. . There can be no assurance that such information will be accurate as actual results and future events could differ materially from those anticipated in such statements. Any forward-looking statement speaks only as of the date on which it is made, and except as required by applicable securities laws, the Company neither intends nor undertakes any obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.