Sun Peak Metals Announces Grant of Stock Options

On March 8, 2024, Sun Peak Metals Corp. (TSXV:PEAK)(OTCQB:SUNPF), operating out of Vancouver, BC, disclosed that its board of directors has approved the issuance of 1,475,000 incentive stock options as part of the company's stock option plan. These options have been allocated to its directors, officers, employees, and consultants. The stock options provided can be exercised over a period of up to five years at a set exercise price of $0.50. This price corresponds with the company's closing share price on March 7, 2024. The decision comes as part of Sun Peak's ongoing efforts to incentivize and retain its vital personnel.

This initiative underscores Sun Peak Metals Corp.'s commitment to leveraging stock options as a means to motivate and compensate its key team members. The company's strategic use of stock options aligns with typical industry practices and reflects its confidence in the long-term value proposition of its stock. Greg Davis, the President, CEO, and Director of Sun Peak, reaffirmed the company's strategy through this announcement. For further details, the company remains accessible via contact with Greg Davis for any inquiries.