P2 Gold Inc.  (TSX-V: PGLD) (OTCQB: PGLDF) reports that pursuant to its Stock Option Plan, it has granted stock options to directors, officers, employees and consultants of the Company to purchase an aggregate of 1,625,000 common shares in the capital of the Company at an exercise price of $0.11 per share, which expire on May 27, 2027. Following this stock option grant, the Company has a total of 6,375,000 stock options outstanding representing approximately 4.2% of the outstanding common shares of the Company. This stock option grant is subject to acceptance by the TSX Venture Exchange (the “Exchange”).

About P2 Gold Inc.

P2 Gold is a mineral exploration and development company focused on advancing its gold-copper Gabbs Project on the Walker Lane Trend in Nevada.  A positive preliminary economic assessment has outlined a long-life, mid-size mine at Gabbs with annual average production of 104,000 ounces gold and 13,500 tonnes copper over a 14.2-year mine life.  The Gabbs Project has excellent infrastructure with access via paved Hwy 361, and power and water on site.  Additional metallurgical testing is underway, and a water permit is expected in the second quarter of this year.  All zones on the property remain open and additional exploration targets, near surface and at depth, are drill ready.