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Fortune Minerals Announces Results of Annual and Special Meeting of Shareholders

Shareholder Meetings

June 24, 2020 Issued Capital: 359,553,220

NEWS RELEASE

FORTUNE MINERALS ANNOUNCES RESULTS OF ANNUAL AND SPECIAL

MEETING OF SHAREHOLDERS

LONDON, ONTARIO, Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the

“Company”) (www.fortuneminerals.com) reports that the nominees listed in the management

information circular for the 2020 Annual and Special Meeting of shareholders held on June 23, 2020

(the “Meeting”) were elected as directors of Fortune.Detailed results of the vote based on proxies

received are set out below:

Nominee Votes For % For Votes Withheld % Withheld

Carl Clouter 76,290,540 94.54% 4,405,647 5.46%

Robin E. Goad 76,270,538 94.52% 4,425,649 5.48%

Glen Koropchuk 76,840,490 95.22% 3,855,697 4.78%

John McVey 78,759,490 97.60% 1,936,697 2.40%

Mahendra Naik 78,153,790 96.85% 2,542,397 3.15%

David Ramsay 75,635,690 93.03% 5,060,497 6.27%

Edward Yurkowski 78,422,370 97.18% 2,273,817 2.82%

Shareholders also approved the appointment of Fortune’s auditors and the re-approval of the rolling

stock option plan.

Due to Ontario government restrictions on the size of group gatherings to reduce the risk of spreading

the Coronavirus, there was no corporate presentation provided at the Meeting. Shareholders wishing

to speak with management can contact the Company through Troy Nazarewicz, Fortune’s Investor

Relations Manager at [email protected] .

About Fortune Minerals

Fortune is a Canadian mining company focused on developing the NICO Cobalt-Gold-Bismuth-

Copper Project in the Northwest Territories. The Company has an option to purchase lands in

Saskatchewan where it may build the hydrometallurgical plant to process NICO metal concentrates.

Fortune also owns the Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO

Project, which is a potential future source of incremental mill feed to extend the life of the NICO

Project mill.

FORTUNE MINERALS LIMITED

148 Fullarton Street, Suite 1600, London, Ontario, Canada N6A 5P3

Tel. 519-858-8188 ~ Fax. 519-858-8155

Follow Fortune Minerals:

Click here to subscribe to Fortune’s email list.

Click here to follow Fortune on LinkedIn.

@FortuneMineral on Twitter.

For further information please contact:

Fortune Minerals Limited

Troy Nazarewicz

Investor Relations Manager

[email protected]

Tel.: (519) 858-8188

www.fortuneminerals.com