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Fiddlehead Appoints New Auditor and Issues Options

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CALGARY, AB, Oct. 17, 2024 /CNW/ - Fiddlehead Resources Corp., (the "Corporation" or "Fiddlehead") announced today that it has appointed PricewaterhouseCoopers, Chartered Professional Accountant, as auditor of Fiddlehead effective September 27, 2024. The resignation of Fiddlehead's former auditor, Crowe Mackay LLP, was accepted by the Corporation effective September 27, 2024.

Option Issuance

Fiddlehead has granted, subject to regulatory approval, a total of 4,200,000 stock options (the "Options") to certain directors, officers, employees and consultants of the Corporation under Fiddlehead's omnibus incentive plan. Options were issued with an exercise price of $0.20 per share and an expiry date of October 3, 2034. Following the issuance of the Options, Fiddlehead has 4,792,500 options issued and outstanding.

Of the Options granted above, 3,050,000 were granted to directors and officers of Fiddlehead. The Corporation is relying on exemptions from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 and TSX Venture Exchange Policy 5.9, for the issuance of these options, pursuant to Section 5.5(b) (Issuer Not Listed on Specified Markets) and Section 5.7(a) (Fair Market Value Not More Than 25% of Market Capitalization) of MI 61-101, respectively.

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

SOURCE Fiddlehead Resources Corp.

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For further information: For further information contact: Fiddlehead Resources Corp., Brent Osmond, CEO and Chairman, Phone No.: (403) 999-8511, Email: bosmond@fiddleheadresources.com

CO: Fiddlehead Resources Corp.

CNW 17:52e 17-OCT-24