Shareholder Voting Results
Simcoe, Ontario, July 30, 2013. Metalore Resources Limited ("Metalore" or "The Company"), MET on TSX, advises that all seven nominees listed on the Proxy and Management Information Circular, dated July 2, 2013, were individually Re-elected by Shareholders at the Annual and Special Meeting, dated July 27, 2013, as follows:
| Nominee | Votes For | % | Abstain | % |
|---|---|---|---|---|
| George W Chilian | 1,290,827 | 99+ | 100 votes | < 1 |
| John A Ryan | 1,290,827 | 99+ | 100 votes | < 1 |
| Timothy J Cronkwright | 1,290,827 | 99+ | 100 votes | < 1 |
| Bruce A Davis | 1,290,827 | 99+ | 100 votes | < 1 |
| Michael A Dehn | 1,290,827 | 99+ | 100 votes | < 1 |
| J. David Malouf | 1,290,827 | 99+ | 100 votes | < 1 |
| John C McVicar | 1,290,827 | 99+ | 100 votes | < 1 |
Two Resolutions to (1) amend the Stock Option Plan and the (2)
approval by disinterested shareholders of the Options on 33,000 Treasury Shares of the Company to six of the seven Directors were also approved by majority vote of Shareholders.
First Quarter Financials
Metalore also advises that its First Quarter, 2014 Financials and MD&A were filed on July 29,2013 on SEDAR. First quarter Natural Gas Revenues were $245,790 for 51,572,000 cubic feet produced, compared to $106,440 for 39,903,000 produced during the comparable previous 1st quarter.
This resulted in a net profit of $39,284, for $0.02 per share, compared to a net loss of (-$15,991 for -$0.01) per share previously.
The Company is proceeding forthwith to commence further exploratory drilling at its 100% owned Cedartree Lake Gold prospects in NW Ontario.
For further information, please contact:
John a Ryan, CFO, Director at: [email protected]
or George W Chilian, CEO, Managing Director, at 519 428-6067 (Sioux Narrows, Ontario)