Mr. Jordan Black reports
RAMP METALS EXPANDS THE ROTTENSTONE SW LAND PACKAGE BY 10,562 HA. ALONG STRIKE AT RUSH
Ramp Metals Inc. has expanded the company's Rottenstone SW claim package by an additional 10,562 hectares.
New claims along strike at Rush
On Nov. 3, 2026, land adjoining the Rottenstone SW property became available for staking. The company secured four additional claims covering 10,562 hectares, expanding the total Rottenstone SW land package by 32 per cent to a total of 43,277 hectares.
"We are very happy to have secured these new claims," commented Garrett Smith, vice-president of exploration for Ramp Metals. "The new claims are contiguous to the Rush discovery and significantly expand our coverage along strike to the southwest. The regional rock packages strike in a NE-SW direction, and we feel this gives us the best opportunity to stay within the same stratigraphic horizon where we found Rush."
Debt settlement and stock option grant
In addition, the company is pleased to announce that it intends to settle an outstanding account payable in the amount of $120,000 owing to one arm's-length creditor through the issuance of 400,000 common shares of the company at a deemed price of 30 cents per settlement share.
The board of directors and management of the company believe that the debt settlement is in the best interests of the company because it will allow the company to preserve its cash to finance future operations. No new control person (as that term is defined in the policies of the TSX Venture Exchange) will be created pursuant to the debt settlement.
The settlement shares will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws. The debt settlement remains subject to the approval of the TSX-V.
Finally, the company announces that it has granted 100,000 incentive stock options to one consultant, each of which vests immediately, is exercisable into one common share of the company at a price of 30 cents per share for a period of 24 months and is governed by the terms of Ramp Metals' stock option plan. Following the completion of the grant, the company has a total of one million stock options outstanding.
Qualified person
Brett Williams, PGeo, vice-president, operations, and senior geologist for Ramp Metals, a qualified person under National Instrument 43-101 (Standards of Disclosure for Mineral Projects), has reviewed and approved the technical content in this news release.
About Ramp Metals Inc.
Ramp Metals is a grassroots exploration company with a focus on a potential new Saskatchewan copper-gold district. The company currently has a high-grade gold discovery of 73.55 grams per tonne gold over 7.5 metres, and a new copper-zinc-lead-silver volcanogenic massive sulphide discovery at its flagship Rottenstone SW property. The Rottenstone SW property comprises 32,689 hectares and is situated in the Rottenstone domain.
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