Wallbridge Mining Announces Voting Results From Annual and Special Meeting of Shareholders

Toronto, Ontario – June 8, 2020 – Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) (“Wallbridge” or the “Company”) held its Annual and Special Meeting of Shareholders (the “Meeting”) on June 5, 2020.

A total of 395,764,439 shares or 66.89% 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 21, 2020 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 Nine (9)

 

 

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, W. Warren Holmes, Janet Wilkinson, Darryl Sittler, Shawn Day, Anthony Makuch and Michael Pesner. All of the directors received the support of more than 98% of the votes represented at the meeting as follows:

 

 

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

 

 

Item 4: New By-Law No. 1A Resolution

 

 

About Wallbridge Mining

 

Wallbridge is establishing a pipeline of projects that will support sustainable 100,000-ounce-plus annual gold production as well as organic growth through exploration and scalability.

The Company is currently developing its 100%-owned Fenelon Gold Property, which is located along the Detour-Fenelon Gold Trend, an emerging gold belt in northwestern Quebec with an ongoing 70,000 to 80,000-metre exploration drill program in 2020 and a 33,500-tonne bulk sample and 75,000 metres of drilling completed in 2019. Wallbridge is also pursuing additional advanced-stage projects which would add to the Company's near-term project pipeline. Wallbridge is also the operator of, and a 16.5% shareholder in, Loncan Canada Inc., a privately-held company with a large portfolio of nickel, copper, and PGM projects in Ontario's Sudbury Basin.

 

For further information please visit the Company's website at www.wallbridgemining.com or contact:

 

Wallbridge Mining Company Limited

Marz Kord, P. Eng., M. Sc., MBA

President & CEO

Tel: (705) 682-9297 ext. 251

Email: mkord@wallbridgemining.com

 

Brian Penny, CPA, CMA

Chief Financial Officer

Tel: (416) 716-8346

Email: bpenny@wallbridgemining.com