Angel Gold Announces Results from its Annual General and Special Meeting, New Stock Option Plan and Election of Director
ANGEL GOLD CORP.
NEWS RELEASE
Angel Gold Announces Results from its Annual General and Special Meeting, New Stock Option Plan and Election of Director
Vancouver, British Columbia / July 4, 2022 – Angel Gold Corp. (TSX.V: ANG) (“Angel Gold” or the
| “Company”) | is pleased to report the results from its 2022 Annual General and Special Meeting (the |
| “Meeting”) of shareholders held on June 30, 2022. A total of 5,315,438 common shares were voted at the | |
| Meeting, representing 32.16% of the issued and outstanding common shares of the Company. |
All resolutions presented to the shareholders were approved, and are fully described in the management information circular dated May 25, 2022, which can be found on SEDAR (www.sedar.com), including the adoption of the new 10% rolling stock option plan (the “Plan”) which incorporates amendments required pursuant to TSX Venture Exchange (the “Exchange”) Policy 4.4 Security Based Compensation which became effective November 24, 2021.
The Plan was approved by the Board on May 20, 2022 and remains subject to the approval of the Exchange.
Additionally, the Company announces that William Feyerabend was elected to its board of directors (the “Board”) at the Meeting.
Mr. Feyerabend has thirty-five years of experience in mineral exploration in twelve countries. He has worked at every level from prospect evaluation to regional exploration to discovery and development of major gold deposits. He was part from discovery to production of the million ounce Mesquite gold mine in California and the multi-million ounce Chimney Creek (now Twin Creeks) mine in Nevada. Mr. Feyerabend also served as Project Manager for one of the largest gold mines in the world, the large Brisas Gold Mine in Venezuela. Mr. Feyerabend is very familiar with the Company’s Groete Gold Copper Deposit, having supervised exploration on site at the project in 2012. He has been a Certified Professional Geologist since 2007 and has authored technical reports on gold projects in five countries. In addition to gold, he also has been part of the discovery of industrial minerals, base metal and lithium brine deposits. Most recently he helped bring Flagstaff Minerals’ Kingman Project (Arizona) thru permitting and drilling. He is a 1972 graduate of the University of Southern California with a B. Sc. Geology degree.
Mr. Feyerabend will also serve as an independent member of the Company’s Audit Committee.
| To facilitate the change in the Board, | Blanca Stella Frias Osorio has stepped down as a director of the |
| Company, effective immediately. The Board wishes to express its thanks to Ms. Osorio for her service to | |
| the Company. |
ON BEHALF OF THE BOARD OF DIRECTORS
Christopher P. Cherry Interim CEO and Interim CFO [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.