FIDDLEHEAD RESOURCES ANNOUNCES REPRICING OF STOCK OPTIONS

CALGARY, AB, May 25, 2026 /CNW/ - Fiddlehead Resources Corp. ("Fiddlehead", or the "Company") (TSXV: FHR) announces that the board of directors has approved the repricing of the exercise price of an aggregate of 3,975,000 outstanding incentive stock options (the "Stock Options") to purchase common shares of the Company (the "Shares") from $0.20 per common share to $0.08 per common share. 300,000 Stock Options expire on January 2, 2036, and 3,675,000 Stock Options expire on October 17, 2034. The expiry dates of the Stock Options have not been amended.

Under TSXV Policy 4.4 – Security Based Compensation, the repricing is subject to the approval of the TSX Venture Exchange and requires approval of disinterested shareholders of the Company in the event the holder of the Stock Options is an insider of the Company ("Insiders"). Accordingly, the Company intends to seek disinterested shareholder approval for the repricing of 3,975,000 Stock Options held by Insiders at its next annual general and special meeting of shareholders which is expected to be held on June 25, 2026.

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