Mr. Robert Edwards reports
AFFINITY METALS ANNOUNCES GRANT OF STOCK OPTIONS AND EARLY WARNING REPORTS ISSUED
Affinity Metals Corp. has granted incentive stock options to certain directors, officers and consultants of the company to purchase up to an aggregate of 1.2 million common shares of the company pursuant to the company's incentive share option plan. The options are exercisable for a period of 10 years at a price of five cents per share. The options, and any underlying common shares issued on exercise thereof, will have a hold period expiring May 16, 2026, in accordance with the policies of the Canadian Securities Exchange.
In accordance with regulatory requirements, Robert Edwards, the company's chief executive officer, president and a director, reports that, prior to the grant of 450,000 options to him on Jan. 15, 2026, he owned or controlled 8,532,540 shares of the company, representing approximately 13 per cent of the outstanding Affinity Metals shares on a non-diluted basis. After the current grant of options, on a partially diluted basis (assuming the exercise of all five million share purchase warrants and 2.62 million stock options held by Mr. Edwards), Mr. Edwards would have ownership and control over approximately 22 per cent of the then issued Affinity Metals shares. The options recently granted to Mr. Edwards are held for investment purposes only. Mr. Edwards may acquire additional shares of the company or dispose of Affinity Metals shares (through market or private transaction) from time to time.
In accordance with regulatory requirements, Darren Blaney, the company's chief financial officer and a director, reports that, prior to the grant of 450,000 options to him on Jan. 15, 2026, he owned or controlled 5,236,940 shares of the company, representing approximately 8 per cent of the outstanding Affinity Metals shares on a non-diluted basis. After the current grant of options, on a partially diluted basis (assuming the exercise of all 1.2 million share purchase warrants and 2.62 million stock options held by Mr. Blaney), Mr. Blaney would have ownership and control over approximately 13 per cent of the then issued Affinity Metals shares. The options recently granted to Mr. Blaney are held for investment purposes only. Mr. Blaney may acquire additional shares of the company or dispose of Affinity Metals shares (through market or private transaction) from time to time.
A copy of the related early warning reports for each of Mr. Edwards and Mr. Blaney may be obtained under the company's profile on the SEDAR+ website or from the company at 600, 890 West Pender St., B.C., V6C 1J9.
About Affinity Metals Corp.
Affinity Metals is focused on the acquisition, exploration and development of strategic metal deposits within North America.
The company's flagship project is the 100-per-cent-owned Regal high-grade silver property located near Revelstoke, B.C.
We seek Safe Harbor.
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