O3 Mining is awarding compensation on a security basis for 2024

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TSXV:OIII – O3 mining

toronto, December 23, 2024 /CNW/ – O3 Mining Company (TSXV: OIII) (OTCQX: OIIIF) (“O3 mining“or”institutionAnnounces its normal course of securities-based compensation awards for the year ended December 31, 2024. effective December 23, 2024the Company granted to certain officers, directors and/or employees of the Corporation a total of (1) 878,817 Corporation Restricted Stock Units (“RSUs”), and (2) 230,750 Corporation Deferred Stock Units (“DSUs”). RSUs will vest in full over three years from the grant date, with one-third of the RSUs vesting on each of the first, second and third anniversaries of the grant date. The DSUs will vest in accordance with the Company’s DSU Plan.

The Company expects that the vesting of RSUs and DSUs will be accelerated in relation to the initial deposit period for the previously announced cash offer from $1.67 for each ordinary share of the Corporation by a subsidiary of Agnico Eagle Mines Limited (“Agnico Eagle”) to acquire all of the issued and outstanding ordinary shares of the Corporation that are not already owned, directly or indirectly, by Agnico Eagle (the “Offer”). The Offer was made pursuant to a Support Agreement entered into between Agnico Eagle and O3 Mining dated December 12, 2024, a copy of which is available on SEDAR+ (www.sedarplus.ca) within the O3 Mining issuer profile.

About O3 Mining Company

O3 Mining is a gold exploration and mine development company in Quebec, Canada, adjacent to Agnico Eagle’s Canadian Malartic mine. O3 Mining has a 100% interest in all of its properties (128,680 hectares) in Quebec. Its flagship asset is the Marban Alliance project in Quebec, which O3 Mining has advanced over the past five years to the cusp of the next phase of development, with the expectation that the project will deliver long-term benefits to stakeholders. More information can be found on our website https://o3mining.com.

Cautionary note regarding forward-looking information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation that is based on current expectations, estimates, forecasts and interpretations about future events as of the date of this news release. Forward-looking information and statements are based on management’s estimates by O3 Mining, at the time they are made, and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by them. Forward-looking information or statements. Forward-looking statements in this press release include, but are not limited to, statements regarding the vesting of RSUs and DSUs, including any accelerated vesting thereof; The expected next stage of development of the MARBAN Alliance project; and the expectation that the MARBAN Alliance project will deliver long-term benefits to stakeholders. Although the forward-looking information contained in this press release is based on what O3 Mining believes, or believes at the time, to be reasonable expectations and assumptions, there can be no assurance that actual results will be consistent with such forward-looking information, as there may be factors Other results may not be expected, estimated or intended, and neither O3 Mining nor any other person accepts responsibility for the accuracy or completeness of any such forward-looking information. No assurance can be given that these expectations will prove to be correct and undue reliance should not be placed on such forward-looking statements included in this press release. O3 Mining undertakes, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable law. These statements speak only as of the date of this press release. Nothing contained herein should be considered a forecast, forecast or estimate of O3 Mining’s future financial performance.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Source: O3 Mining Company

For more information about O3 Mining, please contact: José Vizquerra | CEO, President and Director, [email protected]; Alex Rodriguez | Vice President of Corporate Development, [email protected]Toll free: +1 (833) 979-3516