Mr. Joseph Ovsenek reports

P2 GOLD GRANTS OPTIONS

Pursuant to its stock option plan, P2 Gold Inc. has granted stock options to directors, officers, employees and consultants of the company to purchase an aggregate of 5.35 million common shares in the capital of the company at an exercise price of 54 cents per share, which expire on Dec. 17, 2027. Following this stock option grant, the company has a total of 10,066,000 stock options outstanding, representing approximately 4.5 per cent of the outstanding common shares of the company. This stock option grant is subject to acceptance by the TSX Venture Exchange.

About P2 Gold Inc.

P2 Gold is a mineral exploration and development company focused on advancing its Gabbs gold-copper project on the Walker Lane trend in Nevada, where work to support a feasibility study is under way. A positive preliminary economic assessment has outlined a long-life, mid-size mine at Gabbs with annual average production of 109,000 ounces gold and 15,000 tonnes copper over a 14.2-year mine life. The Gabbs project has excellent infrastructure with access through paved Highway 361 and power and water on site. Additional metallurgical work is being planned, and a water permit is expected in the fourth quarter of this year. All zones on the property remain open and additional exploration targets, near surface and at depth, are drill ready.

We seek Safe Harbor.