Searchlight Resources Announces AGM Results and New Director
TSXV: SRCH
Suite 408 – 1199 West Pender Street • Vancouver, B.C. • V6E 2R1
TEL (604) 331-9326 • FAX (604) 684-9365
Searchlight Resources Announces AGM Results
and New Director
Vancouver, British Columbia, January 24, 2019 - Searchlight Resources Inc. (“Searchlight” or
the “Company”) (TSX-V: SRCH) is pleased to announce that at the Annual General Meeting
“AGM” of shareholders held on January 23, 2019 (the “Meeting”) the shareholders elected Peter
Clausi, Peter Dueck, John Kerr and Stephen Wallace as directors of the Company for the
forthcoming year. Each director was elected by a majority of the votes and the table below
presents the votes represented by proxy for each director:
Nominee Votes For Percentage For Votes Withheld
Peter Clausi 2,540,151 99.94% 1,521
Peter Dueck 2,540,119 99.94% 1,553
John Kerr 2,540,119 99.94% 1,553
Stephen Wallace 2,540,151 99.94% 1,521
In addition, shareholders at the Meeting re -approved the Company’s stock option plan and the
re-appointment of the Company’s auditor.
With the AGM vote Searchlight welcome s Mr. Peter Clausi , BA, JD , an experienced lawyer,
investment banker, s hareholder rights activist and public company executive. He began in the
mining industry in 1983 working in a zinc sm elter in Timmins, Ontario to pay for post -secondary
education. He has managed the defence of c omplex class action litigation, raised capita l
through traditional and innovative methods, and helped other companies migrate into new non -
mining industries.
Mr. Clausi is financially literate and quite familiar with the application of IFRS in the mining
industry. He is currently the President of Getchell Gold Corp. (gold and copper in Nevada), CEO
of GTA Resources and Mining Inc. (gold mainly in Hemlo, in transiti on to a non-mining industry),
CEO of CBLT Inc. (cobalt, gold and copper across Canada), inde pendent director at Buccaneer
Gold Corp. (sil ica in Ontario) and independent director and audit committee member at
Camrova Resources (minority interest in producing copper and cobalt mine in Mexico).
In addition, Searchlight would like to announce the retirement Jim Yates fro m the Bo ard of
Directors. Searchlight would like to thank Mr. Yates for his years of service to the Company.
Further the Board has approved the grant of 875,000 stock options to officers, directors and
consultants of Searchlight . The options were granted for a period of 5 ye ars, expiring on
January 24, 2024, and each stock option will allow the holder to purchase a common share of
Searchlight at an exercise price of $0.05.
About Searchlight Resources Inc.
Searchlight Resources Inc. (“Searchlight” or the “Company”) is a mineral exploratio n and
development company listed on the Toronto Vent ure Exchange (TSXV). The company is active
with mineral exploration projects in Saskatche wan, Ontario and Nevada, three of the top seven
jurisdictions in the world for mining investment as r anked by the F raser Institute. The Company
holds a portfolio of go ld, cobalt and base metal projects from grassroot s stage to advanced
exploration and NI43-101 resource development.
Saskatchewan – Gold and Base Metals
The Bootleg Lake project is 16,900 hectares of cla ims in Saskatchewan covering prospective
areas of th e Flin Flon Greenstone belt. Exploration is being carried out at the past producing
Newcor, Rio (Bootleg) and Henning Maloney Gold mines located approximately 5 kilometres
from Creighton Sas katchewan, and less than 10 kilometres from the Hudbay 777 mine loc ated
in Flin Flon, Manitoba.
In addition, the Bootleg La ke claims hold Volcanogenic Ma ssive Sulphide (VMS) base metal
potential with claims adjacent to the Hudbay Mines claims hosting the producing 777 base metal
and gold mine in Flin Flon and the four p ast producing base metal mines, Flexar, Birch La ke,
Amisk and Coronation.
Ontario – Copper, Cobalt, Nickel & Gold
1) The Munro Warden project is a n early stage exploration prospect targeting VMS copper,
nickel and cobalt within the Kidd - Munro assemblage of the Abitibi Greenstone Belt. The
project covers 1,100 hect ares in cluding 9 mining lease and 11 claim blocks located
approximately 90 kilometres east of Timmins, Ontario.
2) The Cameron project is a grassroo ts cobalt, gold exploration prospect located 25
kilometres southwest of Cobalt, Ontario with the highly prospective Cobalt Embayment
Nevada - Copper
Searchlight’s Nevada project New Yo rk Canyon ho sts two copper deposits in the Walker Lane
Structural Belt located in western Nevada; the Long Shot Ridge skarn deposit with a 2010 NI43-
101 resource estimate and the Copper Queen porphyry deposit drilled by Conco in the 1970’s.
On behalf of the Board of Directors,
“Stephen Wallace”
SEARCHLIGHT RESOURCES INC.
Stephen Wallace, President, CEO and Director
Contact: Searchlight Resources Inc.
Investor Relations
(604) 331-9326
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on
assumptions as of the date of thi s new s relea se. These statements reflect management’s
current estimates, beliefs, intentions and expectations. They are not guarantees of fut ure
performance. The Company cautions that all forward looking statements are inherently
uncertain and that actual performance may be affected by a number of material factors, many of
which are beyond the Company’s control. Such factors include, among othe r things: risk s and
uncertainties relating to the Company’s limited operating history and the need to comply with
environmental and governmental regulation s. Accordingly, actual and future events, conditions
and results may differ materially from the estim ates, beliefs, intentions and expectations
expressed or implie d in the forward-looking information. Except as requi red u nder ap plicable
securities legislat ion, the Company undertakes no obligation to publicly up date or revise
forward-looking information.
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THAT TERM IS DEFINED IN THE POLICIES OF THE T SX VE NTURE E XCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.