+ Energold Drilling Corp. - News Releases - Approval of Stock Option Plan - Wed Jul 15, 2020

News Releases

 June 14, 2001
Approval of Stock Option Plan

 The Company announces that it has now received both the Canadian Venture Exchange (the "Exchange") and shareholder approvals of its stock option plan (the "Plan"). There are 1,853,379 shares reserved for issuance under the Plan, which number does not include options already issued and outstanding under separate agreements. Under the Plan, an option can be granted for a period up to five years at a price equal to the Company's market price prevailing on the date a particular option is granted less the applicable discount, if any, permitted by the policies of the Exchange. No optionee is entitled to a grant of more than 5% of the Company's issued and outstanding share capital as of the date hereof.

The Company also advises that H. Walter Sellmer formerly President and CEO has now been appointed Chairman of the Company and Frederick W. Davidson formerly Vice President & CFO has been appointed President and CEO.

More information on Energold can be found at Energold's website or by calling Energold.

On behalf of the Directors
(signed) H. Walter Sellmer

For further information please

Walter Sellmer
Fred Davidson

The Canadian Venture Exchange has neither approved nor disapproved this news release.

900-543 Granville St.
Vancouver, B.C. V6C 1X8
Telephone: (604) 681-9501
Facsimile: (604) 681-6813

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