Visible GOLD Mines Announces Results of Its Annual and Special Meeting of Shareholders

VISIBLE GOLD MINES ANNOUNCES

RESULTS OF ITS ANNUAL AND SPECIAL

MEETING OF SHAREHOLDERS

ROUYN-NORANDA, QC

,

Jan. 28, 2022

/CNW Telbec/ -

Visible Gold Mines Inc.

(TSXV: VGD)

(Frankfurt: 3V41) announces the voting results from its annual and special meeting of shareholders

held on

January 27, 2022

(the "Meeting"). At the Meeting, the shareholders elected

Martin Dallaire

,

Sylvain Champagne

, Pierre Vézina and Sébastien Bellefleur as directors of the Corporation.

Following the Meeting, the Board of Directors of the Corporation re-appointed

Martin Dallaire

as

President and Chief Executive Officer of the Corporation,

Sylvain Champagne

as Secretary and

Chief Financial Officer of the Corporation and Robert Sansfaçon as Vice President Exploration of the

Corporation.

In addition, shareholders also approved resolutions ratifying and confirming the Corporation's stock

option plan and re–appointing Raymond Chabot Grant Thornton LLP, Chartered Professional

Accountants, as the auditors of the Corporation. The resolution ratifying and confirming the

Corporation's stock option plan was approved by a majority of the disinterested shareholders of the

Corporation.

The Board of Directors has granted today stock options in respect of 435,000 common shares to

directors and officers of the Corporation. The options were granted pursuant to the Corporation's

Stock Option Plan. The exercise price of the options is

$0.11

, which is equal to the closing price of

the Corporation's common shares on the TSX Venture Exchange on

Thursday January 27, 2022

.

The options will expire on

January 28, 2032

and vested immediately.

About Visible Gold Mines

Visible Gold Mines is a corporation focused on gold in the prolific

Abitibi Gold Belt

and the Bay

James region in the province of

Quebec

. The Corporation has 33,827,039 common shares issued

and outstanding.

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

the release.

SOURCE

Visible Gold Mines Inc.

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http://www.newswire.ca/en/releases/archive/January2022/28/c8627.html

%SEDAR: 00025339E

For further information:

please contact: Martin Dallaire, President and Chief Executive Officer,

Telephone: 819-762-0107, Fax: 819-762-0097, E-mail: [email protected], Website:

www.visiblegoldmines.com

CO: Visible Gold Mines Inc.

CNW 12:12e 28-JAN-22