Exhibit 4.5


 


Option No. US ●


 





MIDAS GOLD CORP.


 


STOCK OPTION PLAN – OPTION AGREEMENT


 


This Option Agreement is entered into between
Midas Gold Corp. (the “Company”) and the Optionee named below pursuant to the Company’s 2011 Evergreen Incentive
Stock Option Plan (the “Plan”), a copy of which is attached hereto, and confirms that:


 


		1.	On January 20, 2021 (the “Grant Date”);



 


[NAME], of [ADDRESS] (the “Optionee”),
an [EMPLOYEE OR DIRECTOR] of the Company;


 


		2.	was granted the option (the “Option”) to purchase ● Common Shares (the “Option
Shares”) of the Company;



 


		3.	for the price (the “Option Price”) of $1.18 per Option Share;



 


		4.	which shall be exercisable in accordance with the following vesting schedule:



 


		a.	25% on January 20, 2021;



 


		a.	25% on January 20, 2022;



 


		b.	25% on January 20, 2023;



 


		c.	25% on January 20, 2024; and,



 


		5.	terminating on January 20, 2026 (the “Expiry Date”),



 


all on the terms and subject to the conditions
set out in the Plan. For greater certainty, Option Shares continue to be exercisable until the termination or cancellation thereof as
provided in this Option Agreement and the Plan.


 


The Optionee acknowledges that any Option Shares
received by him upon exercise of the Option have not been registered under the United States Securities Act of 1933, as amended,
or the Blue Sky laws of any state (collectively, the “Securities Acts”). The Optionee acknowledges and understands
that the Company is under no obligation to register, under the Securities Acts, the Option Shares received by him or to assist him in
complying with any exemption from such registration if he should at a later date wish to dispose of the Option Shares.


 


The Optionee acknowledges that, in addition to
the foregoing, any Option Shares issued upon the exercise of such Options shall bear a legend restricting the transferability thereof,
such legend to be substantially in the following form:


 


“The shares represented
by this certificate have not been registered or qualified under the United States Securities Act of 1933, as amended, or state securities
laws. The shares may not be offered for sale, sold, pledged or otherwise disposed of unless so registered or qualified, unless an exemption
exists or unless such disposition is not subject to U.S. federal or state securities laws, and the Company may require that the availability
of any exemption or the inapplicability of such securities laws be established by an opinion of counsel, which opinion of counsel shall
be reasonably satisfactory to the Company.”


 






     


     


    

 


By signing this Option Agreement, the Optionee
acknowledges that the Optionee has read and understands the Plan and agrees to the terms and conditions of the Plan and this Option Agreement.


 


Acknowledgement – Personal Information


 


The Optionee hereby acknowledges and consents
to:


 


		(a)	the disclosure to the Toronto Stock Exchange and all other regulatory authorities of all personal information
of the undersigned obtained by the Company; and



 


		(a)	the collection, use and disclosure of such personal information by the Toronto Stock Exchange and all
other regulatory authorities in accordance with their requirements, including the provision to third party service providers, from time
to time.









 





IN WITNESS WHEREOF the parties hereto have executed
this Option Agreement as of the 20th day of January, 2021.


 











	 	 	MIDAS GOLD
    CORP.
	 	 	 	 
		 	Per:	 
	Signature	 	Authorized Signatory
	 	 	 
	 	 	 
	Print Name	 	 
	 	 	 
	 	 	 
	Address	 	 
	 	 	 
	 	 	 
	Address