First Mining Announces Voting Results from 2020 AGM
TSX: FF
OTCQX: FFMGF
FRANKFURT: FMG
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NEWS RELEASE
First Mining Announces Voting Results from 2020 AGM
June 16, 2020 – Vancouver, Canada – First Mining Gold Corp. (“First Mining” or the “Company”) (TSX:
FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce the voting results from the Company’s
annual general meeting of shareholders held virtually in Vancouver on June 16, 2020 (the “2020 AGM”).
A total of 235,125,295 common shares of First Mining were represented at the 2020 AGM, representing
37.73% of the Company’s outstanding common shares as at the record date of April 30, 20 20.
Shareholders voted in favour of all matters brought before the meeting. All five director nominees listed
in the Company’s management information circular dated May 6, 2020 (the “Circular”) were elected as
follows:
Election of Directors
Director Nominee Votes For % For Votes Withheld % Withheld
Keith Neumeyer 97,936,953 98.34% 1,650,518 1.66%
Richard Lock 97,591,863 98.00% 1,995,608 2.00%
Aoife McGrath 97,566,069 97.97% 2,021,402 2.03%
Raymond Polman 97,554,919 97.96% 2,032,552 2.04%
Daniel W. Wilton 97,572,035 97.98% 2,015,436 2.02%
Detailed voting results for the meeting are available on SEDAR at www.sedar.com.
Appointment of Auditor
Outcome of the Vote Votes For % For Votes Withheld % Withheld
Carried 226,734,380 96.43% 8,390,915 3.57%
About First Mining Gold Corp.
First Mining is a Canadian gold developer focused on the development and permitting of the Springpole
Gold Project in northwestern Ontario. Springpole is one of the largest undeveloped gold projects in
Canada, currently hosting a mineral resource base of 4.67 million ounces of gold in the Indicated category
and 0.23 million ounces of gold in the Inferred category 1. A Pre-Feasibility Study is underway, with
completion targeted in early 2021, and permitting is on -going with submission of the Environmental
Impact Statement targeted for 2021. The Company is also in the process of closing its announced
transaction with Treasury Metals Inc., after which it will hold a large equity position in Treasury that is
advancing the Goliath -Goldlund gold project towards construction . First Mining’s eastern Canadian
property portfolio also includes the Pickle Crow (being advanced in partnership with Auteco Minerals
Ltd.), Cameron, Hope Brook, Duparquet, Duquesne, and Pitt gold projects.
First Mining was created in 2015 by Mr. Keith Neumeyer, founding President and CEO of First Majestic
Silver Corp.
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OTCQX: FFMGF
FRANKFURT: FMG
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ON BEHALF OF FIRST MINING GOLD CORP.
Daniel W. Wilton
Chief Executive Officer and Director
For further information, please contact:
Spiros Cacos | Vice President, Investor Relations
Direct: +1.604.639.8827 | Toll Free: 1.844.306.8827 | Email: [email protected]
www.firstmininggold.com
Note:
1. These numbers are from the independent technical report titled “Preliminary Economic Assessment Update
for the Springpole Gold Project, Ontario, Canada” , dated November 5, 2019, which was prepared by SRK
Consulting (Canada) Inc. in accordance with National Instrument 43-101 Standards of Disclosure for Mineral
Projects (“NI 43-101”) and is available at www.sedar.com under First Mining’s SEDAR profile. Readers are
cautioned that the PEA is preliminary in nat ure, it includes inferred mineral resources that are considered
too speculative geologically to have the economic considerations applied to them that would enable them
to be categorized as mineral reserves, and there is no certainty that the PEA will be re alized.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward -looking information” and "forward -looking statements” (collectively
"forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation
including the United States Pri vate Securities Litigation Reform Act of 1995. These forward -looking statements are
made as of the date of this news release. Forward -looking statements are frequently, but not always, identified by
words such as "expects”, "anticipates”, "believes”, “plan s”, “projects”, "intends”, "estimates”, “envisages”,
"potential”, "possible”, “strategy”, “goals”, “objectives”, or variations thereof or stating that certain actions, events
or results "may", "could", "would", "might" or "will" be taken, occur or be achie ved, or the negative of any of these
terms and similar expressions.
Forward-looking statements in this news release relate to future events or future performance and reflect current
estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements
with respect to: (i) the Company’s focus on developing and permitting Springpole ;(ii) timing for the completion of a
Pre-Feasibility for Springpole; (iii) timing for the submission of an E nvironmental Impact Statement for Springpole;
(iv) closing of the transaction with Treasury Metals Inc. and the Company holding a large equity position in Treasury
Metals Inc. after closing; and (v) realizing the value of the Company’s gold projects for the Company’s sharehold ers.
All forward -looking statements are based on First Mining's or its consultants' current beliefs as well as various
assumptions made by them and information currently available to them. There can be no assurance that such
statements will prove to be acc urate, and actual results and future events could differ materially from those
anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date
the statements are made and are based upon a number of assum ptions and estimates that, while considered
reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political
and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results,
performance or achievements to be materially different from the results, performance or achievements that are or
may be expressed or implied by such forward -looking statements and the parties have made assumptions and
estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in the
spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets
(such as the Canadian dollar versus the U.S. dollar); changes in national and local government, legislation, taxation,
controls, regulations and political or economic developments; risks and hazards associated with the business of
mineral exploration, development and mining (including environmen tal hazards, industrial accidents, unusual or
unexpected formations, pressures, cave -ins and flooding); the presence of laws and regulations that may impose
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restrictions on mining; employee relations; relationships with and claims by local communities, ind igenous
populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the
speculative nature of mineral exploration and development; title to properties.; and the additional risks described in
the Company’s Annual Information Form for the year ended December 31, 2019 filed with the Canadian securities
regulatory authorities under the Company’s SEDAR profile at www.sedar.com, and in the Company’s Annual Report
on Form 40-F filed with the SEC on EDGAR.
First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying
on our forward -looking statements to make decisions with respect to First Mining, investors and others should
carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not undertake
to update any forward -looking statement, whether written or oral, that may be made from time to time by the
Company or on our behalf, except as required by law.
Cautionary Note to United States Investors
This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada,
which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resou rce and reserve
estimates included in this news release have been prepared in accordance with NI 43-101 and the Canadian Institute
of Mining, Metallurgy, and Petroleum 2014 Definition Standards on Mineral Resources and Mineral Reserves. NI 43 -
101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure
an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including
NI 43 -101, differ significantly fr om the requirements of the SEC, and mineral resource and reserve information
contained herein may not be comparable to similar information disclosed by U.S. companies. In particular, and
without limiting the generality of the foregoing, the term "resource” does not equate to the term "reserves”. Under
U.S. standards, mineralization may not be classified as a "reserve” unless the determination has been made that the
mineralization could be economically and legally produced or extracted at the time the reserv e determination is
made. The SEC's disclosure standards normally do not permit the inclusion of information concerning "measured
mineral resources”, "indicated mineral resources” or "inferred mineral resources” or other descriptions of the amount
of mineralization in mineral deposits that do not constitute "reserves” by U.S. standards in documents filed with the
SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be
converted into reserves. U.S. investors should also understand that "inferred mineral resources” have a great amount
of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be
assumed that all or any part of an "inferred mineral resource” will ever be upgraded to a higher category. Under
Canadian rules, estimated "inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies
except in rare cases. Investors are cautioned not to assume that all or any part of an "inferred mineral resource”
exists or is economically or legally mineable. Disclosure of "contained ounces” in a resource is permitted disclosure
under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not
constitute "reserves” by SEC standards as in -place tonnage and grade without reference to unit measures. The
requirements of NI 43 -101 for identification of "reserves” are also not the same as those of the SEC, and reserves
reported by the C ompany in compliance with NI 43 -101 may not qualify as "reserves” under SEC standards.
Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made
public by companies that report in accordance with U.S. standards.