WALLBRIDGE MINING ANNOUNCES VOTING RESULTS FROM ANNUAL MEETING OF SHAREHOLDERS

Toronto, Ontario – May 13, 2021 – Wallbridge Mining Company Limited (TSX:WM) (“Wallbridge” or the “Company”) held its Annual Meeting of Shareholders (the “Meeting”) on May 12, 2021.

 

A total of 509,649,058 shares or 64.58% of the outstanding shares of the Company were represented at the Meeting by proxy or in person.  All of the matters submitted to the shareholders for approval as set out in the Company's notice of meeting and information circular dated April 1, 2021 were approved by the requisite majority of votes cast at the Meeting.

 

Voting on all matters was conducted by electronic ballot, with the results as follows:

 

Item 1: To Set the Number of Directors at Eight (8)

 

 

Item 2: Election of Directors

 

The following directors were elected until the next annual meeting of shareholders or until their successors are otherwise duly elected or appointed: Alar Soever, Faramarz (Marz) Kord, Parviz Farsangi, Janet Wilkinson, Jeffery Snow, Shawn Day, Anthony Makuch and Michael Pesner.

 

 

Item 3: Appointment of KPMG LLP as Auditor of the Corporation for the ensuing year and authorizing the Directors to fix their remuneration

 

 

About Wallbridge Mining

 

Wallbridge is currently advancing the exploration and development of its 100%-owned Fenelon Gold Property which is located along the Detour-Fenelon Gold Trend, an emerging gold belt in northwestern Québec. The Company completed approximately 102,000 metres of drilling in 2020 and has begun a fully-funded 2021 program of approximately 170,000 metres of drilling and 2,500 metres of underground exploration development (Phase 1 of a 10,000-metre program). The Company intends to complete a maiden mineral resource on the Fenelon Gold System in the third quarter of 2021.

 

Wallbridge now holds several kilometres surrounding its rapidly expanding Fenelon discovery providing room for growth, as well as future mine development flexibility. Wallbridge's land holdings in Québec along the Detour-Fenelon Gold Trend are over 900.0 km2, improving Wallbridge's potential for further discoveries on an over 90-kilometre strike length in this under-explored belt.

 

Wallbridge is also the operator of, and a 17.8% shareholder in, Lonmin Canada Inc., a privately-held company with a portfolio of nickel, copper, and platinum-group metals (PGM) projects in Ontario's Sudbury Basin.