O3 Mining Grants Security-Based Compensation for 2022

TORONTO, Jan. 17, 2022 (GLOBE NEWSWIRE) -- O3 Mining Inc. (TSXV: OIII; OTCQX: OIIIF) ("O3 Mining" or the "Corporation") announces that, effective January 14, 2022, it granted to certain officers, directors and/or employees of the Corporation (i) an aggregate of 880,000 options to acquire common shares of the Corporation ("Options"), (ii) an aggregate of 480,000 restricted share units of the Corporation ("RSUs"), and (iii) an aggregate of 240,000 deferred share units of the Corporation ("DSUs"). The Options have an exercise price of $1.98 per share, a five-year term from the date of grant and vest annually in equal thirds beginning on the first anniversary of the date of grant. The RSUs are subject to a three-year cliff vesting period from the date of grant. The DSUs will vest in accordance with the Corporation's DSU plan.

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