Renegade Gold Grants Stock Options

## Renegade Gold Bolsters Leadership with Significant Stock Option Grant

**Vancouver, British Columbia – January 16, 2026** – Renegade Gold Inc. (TSXV: RAGE; OTCQB: TGLDF) today announced the issuance of 3,025,000 incentive stock options to its directors, officers, and consultants, a move designed to further align executive and advisory interests with long-term shareholder value. The options, granted under the company’s Long-Term Incentive Plan, vest immediately and are exercisable for a period of three years at a price of $0.52 per share.

This strategic grant underscores Renegade Gold’s commitment to incentivizing its key personnel, particularly as it continues to advance its ambitious exploration and development projects in the prolific Red Lake Mining District of Northern Ontario. The immediate vesting feature is a critical component, designed to foster immediate engagement and retention by empowering recipients to participate directly in the company’s future success from the outset.

Renegade Gold has strategically positioned itself within the Red Lake district, an area renowned for its significant gold deposits and a rich history of mining. The company boasts one of the largest prospective land packages in the region, strategically located near established major mines and deposits. Its extensive exploration portfolio, spanning 1,320 km², lies along the Confederation Lake and Birch-Uchi greenstone belts, offering considerable potential for both gold and critical mineral discoveries. While past successes in the Red Lake district are not necessarily indicative of future results on Renegade’s properties, the company’s land acquisition strategy targets geological trends and structures analogous to those hosting known mineralization.

The issuance of these options, while a standard practice for aligning incentives, warrants consideration from a shareholder perspective. Should the market price of Renegade Gold’s stock surpass the $0.52 exercise price, the potential exercise of these options could lead to an increase in the number of outstanding shares. This, in turn, could result in a degree of dilution for existing shareholders. However, the immediate vesting and the three-year window provide a clear timeframe for management and consultants to drive performance and enhance shareholder value, thereby potentially offsetting any initial dilution concerns.

**About Renegade Gold Inc.**

Renegade Gold Inc. is a growth-focused mineral exploration company actively engaged in the acquisition, exploration, and development of properties within the Red Lake Mining District of Northern Ontario. The company’s strategy centers on consolidating a significant land position in a globally recognized mining jurisdiction, aiming to capitalize on the district’s geological potential for gold and other valuable minerals.

**Analysis of the Option Grant:**

From a corporate finance and investor relations standpoint, this option grant serves several key objectives:

* **Talent Retention and Motivation:** In competitive mining sectors, retaining experienced directors, officers, and skilled consultants is paramount. Stock options offer a powerful tool to incentivize continued dedication and performance, linking compensation directly to stock performance.
* **Alignment with Shareholder Interests:** By granting options with an exercise price above the current market (implied by the $0.52 value), the company ensures that recipients only realize financial gain if the stock price appreciates significantly. This directly aligns their financial outcomes with creating tangible value for shareholders.
* **Strategic Capital Allocation:** The issuance of options can be viewed as a form of deferred compensation. It allows the company to manage its immediate cash outflow while still providing a significant incentive for its leadership team and advisors. The exercise of these options at a price above current levels would also inject capital back into the company.
* **Dilution Considerations:** Investors typically scrutinize option grants for potential dilution. The 3,025,000 options represent a specific percentage of the company’s outstanding shares (this percentage would depend on the total number of shares issued). While dilution is a factor, it must be weighed against the potential for increased company value driven by the incentivized personnel. A clear communication strategy from Renegade Gold regarding its long-term value creation plans will be crucial for addressing shareholder concerns about dilution.

Renegade Gold’s forward-looking strategy in the Red Lake district, coupled with this executive incentive program, positions the company for potential growth and value realization in the coming years. Investors will be closely watching the company’s exploration results and the subsequent performance of its stock price in relation to the option exercise terms.