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SILVER MOUNTAIN ANNOUNCES GRANT OF STOCK OPTIONS

Newswire.ca - Fri Feb 23, 3:35PM CST

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TORONTO, Feb. 23, 2024 /CNW/ - Silver Mountain Resources Inc. (TSXV: AGMR) (OTCQB: AGMRF) (BVL: AGMR) ("Silver Mountain" or the "Company") announces that it has approved a grant of stock options (the "Stock Options"), pursuant to the terms of the Company's omnibus equity incentive plan, to certain directors, officers and employees of the Company. A total of 7,400,000 Stock Options have been approved for issuance to such directors, officers and efmployees. The Stock Options will be exercisable at an exercise price of $0.10 per share, for a period of four years from the date of the grant. The Stock Options vest at the later of: (a) the 12-month anniversary of the grant; or (b) the mining operations reaching commercial operation as defined by the operations reaching an average mining rate of 400 tonnes per day over a period of 30 days.

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