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Two Blokes Jul 12 -
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VANCOUVER, BRITISH COLUMBIA – TheNewswire - July 11, 2025 – FITZROY MINERALS INC. (TSXV: FTZ, OTCQB: FTZFF) (“Fitzroy Minerals” or the "Company") is pleased to announce that it has granted 5,900,000 stock options (each, an “ Option ”) to purchase up to 5,900,000 common shares (“ Common Shares ”) of the Company to certain directors, officers, and consultants of the Company under the Company's stock option plan (the “ Plan ”). The Options are exercisable at the price of $0.35 per Common Share until July 11, 2030, subject to any earlier termination in accordance with the Plan. All Options vested immediately on the date of grant. All Options and the Common Shares underlying such Options are subject to a hold period of four months and one day from the date of issuance. The grant of Options to certain directors and officers constitutes a related party transaction pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the grant of Options to related parties in reliance on the exemptions contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, respectively, as the Company is not listed on a specified market and the fair market value of the Options does not exceed 25% of the Company's market capitalization.
