Headwater Gold Inc. Grants Incentive Stock Options

Vancouver, British Columbia — December 31, 2025 — Leads & Copy — Headwater Gold Inc. has granted 1,825,000 incentive stock options to its directors, officers, employees, and consultants, the company announced today.

Each option allows the holder to purchase one common share of Headwater Gold at a price of $0.75. The options have a five-year term and vest immediately.

The granting of these options is subject to acceptance by the Canadian Securities Exchange.

Caleb Stroup, President and CEO of Headwater Gold Inc.

Contact:

Caleb Stroup
President and CEO
+1 (775) 409-3197
cstroup@headwatergold.com

Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
bzerb@headwatergold.com

Source: Headwater Gold Inc.