Brisbane, Australia – July 24, 2025 – Adyton Resources Corporation (TSX Venture: ADY) ("Adyton" or the "Company") is pleased to announce the appointment of Co-Founder of Agentis Capital, Michael Gray as a Non-Executive Director to the Board. Michael's appointment is subject to TSXV approval and fills the vacancy created by the prior resignation of Mr. Chris Wilson.
Appointment of Director
Michael Gray is one of the industry's most respected and trusted independent research analysts and will bring to the board a wealth of technical, corporate and capital markets experience. Michael is a geologist (MSc) and has been a top-ranked mining equity analyst for the past 20 years covering explorers, developers and producers with a particular focus on Tier 1 assets (or proto Tier 1) in the precious metals sector. Michael co-founded Agentis Capital Mining Partners in 2019 and previously had a nine-year career with Macquarie Capital Markets, where he was Managing Director and Team Head, Mining Equity Research, Canada. Early in his career, he worked with senior mining companies including Falconbridge and Cominco (now Teck) then co-founded and helped manage explorer Rubicon Minerals (1997-2005). Michael is a Past President of the +5000 member Association for Mineral Exploration (2004).
Michael Gray commented "I am pleased to join the board of Adyton and contribute to the success of the firm by bringing to bear my technical, corporate and capital markets skill set."
Adyton Chairman Sinton Spence said "I am thrilled to have Michael Gray join the Board. Michael's extensive track record as an analyst, involvement in capital markets and his technical expertise as a geologist make him an invaluable addition to our team."
Grant of Stock Options and RSUs
The Company also announces that it has granted an aggregate of 9,000,000 stock options and 1,830,000 restricted share units (each an "RSU") to certain officers, directors and employees of the Company.
The stock options have been granted under the Company's Amended and Restated Stock Option Plan (the "Option Plan"). Each option entitles the holder to acquire one common share at an exercise price of $0.40 for a three-year period expiring on July 22, 2028, subject to vesting requirements that the options only vest on the date on which the holder has been an officer, director or employee of the Company for 12 months. Any common shares acquired on the exercise of the options will be subject to contractual resale restrictions for a period of 12 months.
The RSUs have been granted under the Company's Amended and Restated Non-Option Omnibus Incentive Plan (the "Omnibus Plan"). Each RSU entitles the holder to a payment in the form of one common share or its cash equivalent in accordance with the provisions of the Omnibus Plan, subject to vesting requirements that the RSU's only vest on the date on which the holder has been an officer, director or employee of the Company for 12 months. The RSU's are also subject to performance criteria such that they will only vest following the date on which the 30-day VWAP of the common shares on the TSX Venture Exchange is at least C$0.40. Any common shares acquired on vesting of the RSUs will be subject to contractual resale restrictions for a period of 12 months.
For further information please contact:
Tim Crossley, Chief Executive Officer
E-mail: ir@adytonresources.com
Phone: +61 7 3854 2389
Phone: +1 778 549 6768
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.