Leucrotta Exploration Inc. Announces Grant of Incentive Stock OptionsCalgary, Alberta--(Newsfile Corp. - August 28, 2020) - Leucrotta Exploration Inc. (TSXV: LXE) (the "Corporation") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to certain of its directors and officers to acquire up to an aggregate of 5,465,000 common shares ("Common Shares") of the Corporation and the granting of Options to certain of its employees and consultants to acquire up to an aggregate of 1,535,000 Common Shares. All of the Options are exercisable for a period of five years at a price of $0.60 per Common Share and 33⅓% of the Options will vest on the date that is one year after the date of the grant of such Options and the remainder will vest 33⅓% per year thereafter.Leucrotta will now have 18,002,350 stock options outstanding. Leucrotta's share based incentive plans limit the total number of Common Shares underlying the outstanding stock options to no more than 10% of the outstanding Common Shares. As of the date of this press release, the total number of Common Shares underlying the outstanding stock options represents about 9.0% of the issued and outstanding Common Shares.Further InformationFor additional information, please contact:Mr. Robert J. ZakreskyPresident and Chief Executive Officer(403) 705-4525Mr. Nolan ChicoineVice President, Finance and Chief Financial Officer(403) 705-4525Leucrotta Exploration Inc.Suite 700, 639 - 5th Avenue SWCalgary, Alberta T2P 0M9Phone: (403) 705-4545Fax: (403) 705-4526 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATIONIN THE UNITED STATES OF AMERICA.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62772 copyright (c) newsfile corp. 2020 Newsfile Corp.August 28, 2020 - 1:30 PM PDTNews by QuoteMediawww.quotemedia.com