Kore Announces New Board Member And Grant Of Options And RSUS
Vancouver - Kore Mining Ltd. (TSXV: KORE) ("KORE" or the "Company") is pleased to announce the appointment of Scott MacDonald to its board of directors (the "Board"), effective April 29, 2026. Mr. MacDonald has also been appointed as a member of the Company's Audit Committee. Mr. MacDonald is the owner and manager of Totalplan Inc. (doing business as Totalplan), a Vancouver-based company specializing in office interior solutions and commercial furniture. He has led the company's growth as a longstanding participant in Vancouver's office interior industry. Under his leadership, Totalplan has maintained a strong presence in the British Columbia market for decades, with roots dating back to 1966. The company has built a reputation for delivering high-quality office furniture and functional workspace design tailored to the needs of modern businesses. Mr. MacDonald is recognized for overseeing a business with deep community ties and a long-established local presence. His experience in managing and growing a respected Vancouver-based firm brings valuable operational and industry insight to the board.
The Company also announces that, pursuant to its omnibus long-term incentive plan (the "Omnibus Plan"), the Board has approved the grant of an aggregate of 50,000 stock options (the "Options") to a consultant of the Company and 4,307,596 restricted share units ("RSUs") to certain directors and officers of the Company.
Each Option is exercisable to acquire one common share of the Company at an exercise price of $0.27 per share for a period of ten years from the grant date. Of the Options granted, 50% vest immediately on the grant date and the remaining 50% vest six months following the grant date.
Each vested RSU entitles the holder to receive one common share of the Company in accordance with the Omnibus Plan for a period of ten years from the grant date. The RSUs have a term of ten years from the grant date and will vest one year from the grant date.
All Options and RSUs are subject to the terms of the Omnibus Plan, applicable securities laws, and the policies of the TSX Venture Exchange. The grants remain subject to acceptance by the TSX Venture Exchange, where applicable.
About KORE Mining
KORE Mining is focused on responsibly creating value from its portfolio of gold assets in California, USA. The Company is advancing the Imperial project towards development while continuing to explore across both district-scale gold assets.
Further information on Imperial and KORE can be found on the Company's website at www.koremining.com or by contacting us as info@koremining.com or by telephone at (888) 407-5450.
On behalf of KORE Mining Ltd.
"James Hynes"
Executive Chairman and CEO
(604) 243-7990
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements are often identified by words such as "expects", "intends", "plans", "may", "will", "believes", "anticipates", and similar expressions.
Forward-looking statements in this news release include, without limitation, statements regarding the expected benefits of Mr. MacDonald's appointment to the Board, the vesting of the Options and RSUs, the issuance of common shares upon the exercise of Options or settlement of RSUs, and the acceptance of the grants by the TSX Venture Exchange, where applicable.
Forward-looking statements are based on management's current expectations, assumptions and beliefs as of the date of this news release, including, without limitation, assumptions regarding the Company's ability to obtain any required acceptance from the TSX Venture Exchange, the continued eligibility of the recipients under the Omnibus Plan, and the Company's ability to complete the vesting and settlement of the Options and RSUs in accordance with the terms of the Omnibus Plan.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors, many of which are beyond the Company's control, that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, the risk that the TSX Venture Exchange may not accept the grants as anticipated, that the Options or RSUs may not vest or be settled as expected, and those risks and uncertainties disclosed in the Company's continuous disclosure filings available under the Company's profile on SEDAR+.
Although the Company believes that the assumptions and expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results may differ materially from those anticipated. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable securities laws.
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