Element 79 Gold Announces AGM Results
VANCOUVER, BC / THENEWSWIRE / June 20, 2023 – Element 79 Gold Corp. (CSE: ELEM)(OTC: ELMGF)(FSE: 7YS) ("Element 79 Gold", the "Company")) is pleased to announce the vo�ng results from its Annual General Mee�ng of Shareholders (the "Mee�ng"), held on June 19, 2023.
Shareholders voted in favour of all maters of business before the Mee�ng. Each of those maters is set out in detail in the Management Informa�on Circular published in connec�on with the Mee�ng, which is available on the Company's website www.element79.gold.
A total of 14,231,396 common shares, represen�ng approximately 13.46 of the Company's outstanding common shares, were voted in person and by proxy at the Mee�ng. Shareholders voted in favour of (a) reappoin�ng SHIM & Associates LLP Chartered Professional Accountants as auditors of the Company (99.43% in favour), and (b) se�ng the number of directors at four (99.87% in favour).
Elec�on of Directors
The following nominees listed in the Management Informa�on Circular were elected as directors of the Company un�l the next annual mee�ng of shareholders or un�l the successors are elected or appointed, with the vo�ng results being as follows:
| Nominee | Votes For | % For | Votes Withheld | % Withheld |
|---|---|---|---|---|
| NEIL PETTIGREW | 14,075,780 | 98.90 | 155,616 | 1.09 |
| SHANE WILLIAMS | 14,075,780 | 98.90 | 155,616 | 1.09 |
| ZARA KANJI | 14,075,265 | 98.90 | 156,131 | 1.09 |
| ANTONIOS MARAGAKIS | 14,075,265 | 98.90 | 156,131 | 1.09 |
About Element79 Gold
Element79 Gold is a mining company focused on gold, silver and associated metals and commited to maximizing shareholder value through responsible mining prac�ces and sustainable development of its projects. Element79 Gold's main focus is on two core proper�es: developing its previously-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to bring it back into produc�on in the near term; and its flagship Maverick Springs Project located in the famous gold mining district of northeastern Nevada, USA, between the Elko and White Pine Coun�es. Maverick Springs hosts a 43-101-compliant, pit-constrained mineral resource es�mate reflec�ng an inferred resource of 3.71 million ounces of gold equivalent "AuEq" at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag) with an effec�ve date of October 19, 2022. The acquisi�on of the Maverick Springs Project also included a por�olio of 15 proper�es along the Batle Mountain trend in Nevada, which are non-core to its primary business focus. In Bri�sh Columbia, Element79 Gold has executed a Leter of Intent and funded a drilling program to acquire a private company that holds the op�on to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central Bri�sh Columbia, approximately 20km west of Fort St. James. The Company also has an op�on to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township. The Company is analyzing the non-core Nevada projects, The Dale Property and Snowbird Property for further merit of explora�on, sale or spin-out.
For more informa�on about the Company, please visit www.element79.gold
Contact Informa�on:
James C. Tworek, Chief Execu�ve Officer E-mail: [email protected]
For investor rela�ons inquiries, please contact:
Investor Rela�ons Department – Dylan Anderson
Phone: +1 (613) 879-9387 E-mail: [email protected]
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.