South Atlantic Gold Inc. Announces Grant of Stock Options and Restricted Share Units

Vancouver, B.C. — May 14, 2026 — Leads & Copy — South Atlantic Gold Inc. has granted options to purchase an aggregate of 14,750,000 common shares of the Company to certain directors and a consultant of the Company, according to a news release issued Thursday. The options were granted in accordance with the Company's stock option plan.

Each option is exercisable into one common share at an exercise price of $0.14 per share. The options are subject to certain vesting conditions and expire two years from the grant date.

The company has also granted restricted share units representing the right to receive an aggregate 500,000 common shares, subject to the satisfaction of certain vesting conditions, to a certain eligible person of the company, in accordance with the terms of the Company's Long Term Incentive Plan.

All equity grants are subject to the policies of the TSX Venture Exchange and, where applicable, acceptance by the TSX Venture Exchange.

South Atlantic Gold Inc. is an exploration company engaged in acquiring and advancing mineral properties in the Americas.

Source: South Atlantic Gold Inc.