TELSON ANNOUNCES ISSUANCE OF OPTIONS

Telson Mining 260221

Vancouver, British Columbia – TheNewswire – February 26, 2021 – Telson Mining Corporation (“Telson” or the “Company”) (TSXV:TSN), (OTC:SOHFF), (Frankfurt–TSGN) announces that pursuant to its Stock Option Plan, it has granted stock options to certain directors, officers, and insiders of up to an aggregate 4,700,000 shares in the capital stock of the Company.  The options are exercisable on or before February 25, 2026 at a price of $0.30 per share, and the Company has also re-priced 1,873,333 stock options originally granted as to; 1,423,333 exercisable at $0.71 till November 10, 2022, 400,000 exercisable at $0.72 till April 16, 2023 and 50,000 exercisable at $0.71 till April 23, 2023.  These stock options have been repriced to $0.30 per share and expiry dates remain unchanged. The grant and repricing of the above options are subject to the acceptance of the TSX Venture Exchange and in the case of repricing options held by insiders subject to disinterested shareholder approval.

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