Pelangio Exploration Reports Results of Annual Meeting

Pelangio Exploration Reports Results of Annual Meeting

TORONTO, ON / ACCESSWIRE / July 3, 2023 / Pelangio Exploration Inc. (TSX-V:PX:)(OTC PINK:PGXPF)

("Pelangio" or the "Company") is pleased to announce that all matters proposed by management were

approved at Pelangio's annual meeting held Wednesday, June 28, 2023 (the "Meeting").

At the Meeting, shareholders of Pelangio re-elected Ingrid Hibbard, JC St. Amour, David Mosher, Kevin

Thomson, and Al Gourley to the board of directors. The shareholders also approved the reappointment

of its auditor and reapproved the Company's stock option plan. No additional business was brought

before the Meeting.

About Pelangio

Pelangio acquires and explores world-class land packages on strategic gold belts in Ghana, West Africa

and Canada. In Ghana, the Company is exploring its two 100% owned camp-sized properties: the 100

km2 Manfo property, the site of seven near-surface gold discoveries, and the 284 km2 Obuasi property,

located four km on strike and adjacent to AngloGold Ashanti's prolific high-grade Obuasi Mine, as well as

its Dankran property located adjacent to its Obuasi property. See www.pelangio.com for further detail.

For additional information, please visit our website at www.pelangio.com, or contact:

Ingrid Hibbard, President and CEO

T: 905-336-3828 / TF: 1-877-746-1632 / Email: [email protected]

Forward Looking Statements

Certain statements herein may contain forward-looking statements and forward-looking information

within the meaning of applicable securities laws. Forward-looking statements or information appear in a

number of places and can be identified by the use of words such as "plans", "expects" or "does not

expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does

not anticipate" or "believes" or variations of such words and phrases or statements that certain actions,

events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-

looking statements and information include statements regarding the Company's strategy of acquiring

large land packages in areas of sizeable gold mineralization, and the Company's ability to complete the

planned exploration programs. With respect to forward-looking statements and information contained

herein, we have made numerous assumptions, including assumptions about the state of the equity

markets. Such forward-looking statements and information are subject to risks, uncertainties and other

factors which may cause the Company's actual results, performance or achievements, or industry results,

to be materially different from any future results, performance or achievements expressed or implied by

such forward-looking statement or information. Such risks include the changes in equity markets, share

price volatility, volatility of global and local economic climate, gold price volatility, political developments

in Ghana, and Canada, increases in costs, exchange rate fluctuations, speculative nature of gold

exploration, including the risk that favourable exploration results may not be obtained, delays due to

COVID-19 safety protocols, and other risks involved in the gold exploration industry. See the Company's

annual and quarterly financial statements and management's discussion and analysis for additional

information on risks and uncertainties relating to the forward-looking statement and information. There

can be no assurance that a forward-looking statement or information referenced herein will prove to be

accurate, as actual results and future events could differ materially from those anticipated in such

statements or information. Also, many of the factors are beyond the control of the Company. Accordingly,

readers should not place undue reliance on forward- looking statements or information. We undertake no

obligation to reissue or update any forward-looking statements or information except as required by law.

All forward-looking statements and information herein are qualified by this cautionary statement.

Neither the 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.

SOURCE: Pelangio Exploration Inc.