Big Ridge Gold Corp. Shareholders Greenlight Key Governance and Equity Plan Amendments

Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) successfully concluded its annual shareholder meeting on December 23, 2025, with unanimous approval of all proposed resolutions. The Toronto-based exploration and development company secured shareholder endorsement for the re-election of its board of directors—comprising Kristina Bates, Mike Bandrowski, Nick Tintor, Richard J. Mazur, and Paul Pint—along with the reappointment of the Company’s auditors and, significantly, the adoption of an Amended and Restated Share Option Plan (Amended SOP).

Key Approvals and Strategic Updates

The Amended SOP represents a modernization of the Company’s equity incentive framework, effectively replacing the predecessor plan approved in December 2022. This refreshed equity structure now permits the issuance of stock options to bona nordic professionals, including directors, officers, employees, and qualified consultants of the Company. The plan operates as a “rolling” mechanism, capping the maximum common shares reserved for issuance at any given time at 10% of issued and outstanding shares—encompassing the previously reserved 11,335,848 common shares allocated under the earlier stock option plan.

The amended framework aligns with TSX Venture Exchange (TSXV) Policy 4.4 requirements and carries forward stringent restrictions designed to protect shareholder interests while enabling competitive talent retention. The plan became effective immediately upon shareholder approval on December 23, 2025, following careful review outlined in the Company’s management information circular dated November 6, 2025.

Operational and Project Backdrop

Big Ridge continues to build on its disciplined exploration and development approach across three distinct projects. The Company maintains 100% ownership of the flagship Hope Brook Gold Project in Newfoundland and Labrador, alongside the Oxford Gold Project in Manitoba and the Destiny Gold Project in Quebec. The Company’s strategy emphasizes industry best practices paired with strong community engagement and local stakeholder support.

The shareholders’ approval provides the Company with enhanced flexibility in structuring executive and employee compensation packages, essential for retaining experienced talent in competitive exploration markets. Investors can access the complete amended terms and conditions in the management information circular, available on Sedar+ (www.sedarplus.com) and the Company’s investor relations portal (www.bigridgegold.com/investors/agm-materials/).

About Big Ridge Gold Corp. Big Ridge Gold Corp. is a disciplined exploration and development company focused on advancing mining projects using industry-leading practices and strong community partnerships in mining-friendly jurisdictions across Canada.