Petrolympic Announces Option Grant

TORONTO, July 04, 2025 (GLOBE NEWSWIRE) -- Petrolympic Ltd. (TSX-V: PCQ) (OTC:PCQRF) (the “Company”), announces that a total of 2,100,000 options to purchase common shares of the Company have been granted to directors and officers of the Company at an exercise price of $0.10 per share, expiring on July 4, 2030.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For further information please contact:
Mendel Ekstein President
Tel. 845-656-0184
Fax 845-231-6665
82 Richmond St East Toronto, ON M5C 1P1

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certaininformationcontainedorincorporatedbyreferenceinthispressrelease,includinganyinformationregardingtheproposedacquisition,constitutes"forward-lookingstatements."Allstatements,otherthanstatementsofhistoricalfact,aretobeconsideredforward-lookingstatements.Forward-lookingstatementsarenecessarilybasedonanumberofestimatesandassumptionsthat,whileconsideredreasonablebytheCompany,areinherentlysubjecttosignificantbusiness,economic,geologicalandcompetitiveuncertaintiesandcontingencies.AlthoughtheCompanybelievestheexpectationsexpressedinsuchforward-lookingstatementsarebasedonreasonableassumptions,suchstatementsarenotguaranteesoffutureperformance.Knownandunknownfactorscouldcauseactualresultstodiffermateriallyfromthoseprojectedintheforward-looking statements. Suchfactors includebut arenot limited to:economic and global marketimpactsoftheCOVID-19pandemic,fluctuationsinmarketprices,explorationandexploitationsuccesses,continued availabilityofcapital and financing,changes in national and local government legislation,taxation,controls,regulations,expropriationornationalizationofpropertyandgeneralpolitical,economic,marketorbusinessconditions.Manyoftheseuncertaintiesandcontingenciescanaffectouractualresultsandcouldcauseactualresultstodiffermateriallyfromthoseexpressedorimpliedinanyforward-lookingstatementsmadeby,oronbehalfof,us.Readersarecautionedthatforward-lookingstatementsarenotguaranteesoffutureperformanceand,therefore,readersareadvisedtorelyontheirownevaluationofsuchuncertainties.Alloftheforward-lookingstatementsmadeinthispressrelease,or incorporated byreference,arequalified bythese cautionarystatements. Wedo not assume any obligation to update any forward-looking statements.