Ubique Grants 1,350,000 Options to Management and Directors

TORONTO, ON / ACCESSWIRE / December 23, 2019 / Ubique Minerals Limited ("Ubique")(CSE:UBQ) announces that, pursuant to the Company's stock option plan having an effective date of July 26, 2019, the UBQ Board has issued a total of 1,350,000 options to its seven directors and officers.

The options are issued at an exercise price of $0.075, vesting on issuance, and are exercisable up to three years commencing December 23, 2019.

The Company also announces the exercise of 100,000 previously issued options expiring in January 2020, by a Director, at an exercise price of $0.10 per share.

About Ubique Minerals Limited.

Ubique Minerals Limited is a zinc exploration company listed on the CSE (CSE:UBQ). It has focused on exploration of its 100% owned Daniel's Harbour zinc property in Newfoundland and was initially funded for two years by private equity including that from Greenbank Capital Inc (CSE:GBC and OTCMKTS:GRNBF and FRA:2TL). Ubique became a publicly listed company in September 2018. Ubique undertook one drilling program on its Daniel's Harbour zinc project in 2017 and two more drilling campaigns in 2018, and one in 2019 which were successful in delineating zinc mineralization extending from the vicinity of former mine workings. Ubique has an experienced management group with a record of multiple discoveries of deposits worldwide, and has an extensive database of historic exploration results from the Daniel's Harbour area. For more information on Ubique please contact Gerald Harper, CEO, at (416) 232-9114 or by email [email protected] or see www.ubiqueminerals.com.

More information regarding Ubique's exploration activities and results will be found on their website at www.ubiqueminerals.com.

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Ubique Minerals Limited., the raising of additional capital and the future development of the business. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Ubique can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and Ubique disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Ubique Minerals Limited