Geiger Announces Grant of Stock Options

TORONTO, ONTARIO - Geiger Energy Corp. ('Geiger' or the 'Company') (BEEP: TSXV | BSENF: OTC) is pleased to announce that the Board of Directors has approved the grant of stock options to certain directors, officers, and consultants of the Company, allowing for the acquisition of up to, in the aggregate, 1,975,000 shares of the Company.

1,550,000 stock options were granted to certain directors and officers of the Company. The options are exercisable at a price of CAD $0.38 per share for five (5) years from the date of grant, vest one (1) year from the date of grant and are subject to regulatory policies and approvals. The grant of options to certain directors and officers is a 'related party transaction' under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101').

About Geiger Energy Corp.

Geiger is a uranium exploration company executing on a dual basin strategy focused on discovering highgrade uranium deposits on its two flagship assets within the Athabasca and Thelon basins. In the Athabasca Basin, Saskatchewan, Geiger is exploring its Hook Project, which hosts the ACKIO near-surface uranium prospect. In the Thelon Basin, Nunavut, Geiger is advancing is Aberdeen Project, which hosts the high-grade Tatiggaq and Qavvik uranium discoveries.

The Hook and Aberdeen projects have expandability potential within the discovery footprints, as well as host numerous additional targets outboard of the prospect areas, highlighting significant potential for expansion and new discoveries.

Contact:

Rebecca Hunter

Tel: 416.644.1567

Email: [email protected]

Forward-Looking Statements

Certain information set forth in this news release contains forward-looking statements or information ('forward-looking statements)', including details about the business of the Company. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility. Although the Company believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements.

Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in the Company's public disclosure documents available at www.sedarplus.ca. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

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