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TSXV: OIII | OTCQX:OIIIF - O3 Mining

TORONTO, Nov. 25, 2022 /CNW/ - O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") announces that, effective November 24, 2022, it granted to certain officers, directors and/or employees of the Corporation (i) an aggregate of 40,000 options to acquire common shares of the Corporation ("Options"), (ii) an aggregate of 640,000 restricted share units of the Corporation ("RSUs"), and (iii) an aggregate of 335,000 deferred share units of the Corporation ("DSUs"). The Options have an exercise price of $1.47 per share, a five-year term from the date of grant and vest annually in equal thirds beginning on the first anniversary of the date of grant. The RSUs are subject to a three-year cliff vesting period from the date of grant. The DSUs will vest in accordance with the Corporation's DSU plan.