Trident Limited has approved and recommended the Trident Employees Stock Option Plan 2026 for eligible employees, covering 25,47,97,783 stock options exercisable into an equal number of equity shares. The scheme, which represents 5% of the total issued capital as on July 6, 2026, requires shareholder approval under the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The options will have a face value of Re. 1 each and will be available to employees of the company, its subsidiary companies, and associate companies. The exercise price will be determined based on the closing market price of the shares on a recognised stock exchange on the date immediately preceding the grant date.

The Nomination and Remuneration Committee (NRC) will formulate, implement, and administer the scheme. The vesting period will be decided by the NRC, subject to the provisions of the scheme. The exercise period for the options will not exceed five years from the relevant date of vesting, subject to shorter periods in cases of resignation, termination, or other separation events.

The board meeting commenced at 11:00 A.M. IST on July 6, 2026, and concluded deliberations on this agenda item at 6:00 P.M. IST. The trading window for designated persons and their immediate relatives remains closed from June 30, 2026, in accordance with the company’s code of conduct framed under the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Trident Resources has mobilized all geologic and drilling personnel and equipment to the Contact Lake Gold Project in Saskatchewan for the 2026 summer drill program. The company plans to drill over 20,000 metres in approximately 35 drillholes between June and November. This program represents the largest single exploration phase in many decades at Contact Lake and aims to expand the known gold mineralization both along strike and at depth.

The Contact Lake deposit remains open for expansion in all directions. The recently completed 2026 winter drill program successfully extended high-grade gold mineralization to the northeast at the BK3 zone. The summer program will focus on growing the resource base along strike to the west and at depth in multiple prospective target areas. Assays are still pending for seven holes from the winter program at the Contact Lake target area as well as eleven holes from the Preview SW deposit located 3km to the southeast.

Jon Wiesblatt, CEO of Trident Resources, stated that the project is emerging as one of the most exciting high-grade gold projects in Canada. He noted that mineralization is confirmed more than 500 metres below surface and the deposit remains open in all directions. The company believes it is only beginning to unlock the true scale of the system.

The Contact Lake Gold Project covers approximately 22,790 hectares and includes the past-producing Contact Lake gold mine. Historical production between 1994 to 1998 yielded approximately 190,000 ounces of gold at an average head grade of 6.16 g/t Au. The property hosts the Preview SW, Preview North, North Lake, and Greywacke North deposits, which are wholly-owned by Trident Resources.

Project Details

Drill core is logged, photographed, and cut in half, with samples transported to ALS Global in Saskatoon for analysis. Gold is assayed using a 30g fire assay method. The technical information in the release has been reviewed and approved by Cornell McDowell, P.Geo., VP Exploration for Trident Resources and the Qualified Person as defined by NI 43-101.