Chibougamau Announces Stock Option Grant

ROUYN-NORANDA, Quebec, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Chibougamau Independent Mines Inc. (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart, Berlin and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US) announces that it has granted incentive stock options to certain directors and officers of the Company to purchase up to 1,800,000 common shares in the capital stock of the Company under its share option plan. Each option entitles the holder to purchase one common share of the Company at an exercise price of $0.10 and will expire on February 8, 2028. The options granted are subject to the approval of the TSX Venture Exchange and applicable hold and Company vesting periods. Director David Lotan has waived receiving any stock option.

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