Mr. Morgan Good reports

SILVER PONY ANNOUNCES OPTION GRANT

Silver Pony Resources Corp. (formerly Carlyle Commodities Corp.) has approved the issuance of nine million stock options to certain officers, directors, insiders, consultants, advisers and investor relations persons of the company for the purchase of up to nine million common shares in the capital of the company pursuant to the company's equity incentive plan. Each option vested immediately and is exercisable for a period of five years at an exercise price of 20 cents per share.

The options were granted pursuant to the plan, which was originally approved by shareholders at the company's annual general meeting held on Dec. 29, 2022. Under the policies of the Canadian Securities Exchange, the plan is required to be reapproved by shareholders every three years. Despite the plan not being reapproved by shareholders in the past three years, the CSE has permitted the grant of the options, provided that: (i) the grants are expressly subject to shareholder reapproval of the plan and cannot be exercised unless and until such approval is obtained; and (ii) if shareholder approval is not obtained, the options will automatically terminate and be cancelled without any further action or compensation. The company intends to seek reapproval of the plan at its next annual general meeting of shareholders.

All shares issued upon exercise of the options will be subject to a hold period of four months and one day from the date of grant in accordance with applicable securities legislation and the policies of the CSE.

About Silver Pony Resources Corp.

The company is an early-stage mineral resource exploration company engaged in the acquisition, exploration and evaluation of mineral properties. The company's material property is the exploration-stage Silver Pony project, comprising 37 contiguous mineral tenures totalling 37,022.88 hectares in southeastern British Columbia, within the Slocan mining district and the Revelstoke mining district.

We seek Safe Harbor.