Great Plains Implements New Omnibus Equity Incentive Plan

Vancouver, BC, Canada – Friday, May 22, 2026 – Great Plains Metals Corp. (“GPS” or “the Company”, TSX-V: GPS, Frankfurt Exchange: 8VC) is pleased to announce that its Board of Directors has approved a new omnibus equity incentive plan (the “New Plan”), which is intended to replace the Company’s current stock option plan last approved by shareholders at the annual general meeting held on November 20, 2024.

The New Plan is a “rolling up to 10% and fixed up to 10%” equity incentive plan, as such term is defined in TSX Venture Exchange (the “Exchange”) Corporate Finance Manual Policy 4.4 – Security Based Compensation. The New Plan allows the Company to issue up to a maximum of 10% of the issued and outstanding common shares of the Company in stock options, and up to an aggregate of 7,694,071 common shares issuable pursuant to performance share units, deferred share units, restricted share units, and other share-based awards, which number represents a fixed maximum under the New Plan, to directors, officers, employees, and consultants of the Company. 

At the next annual general meeting of shareholders on May 28, 2026, the Company will ask shareholders to ratify and confirm the adoption of the New Plan, in accordance with Exchange requirements. The Exchange has conditionally approved the New Plan, however, it remains subject to final approval.