Wallbridge Mining Announces Voting Results from Annual Meeting of Shareholders
WALLBRIDGE MINING COMPANY LIMITED TSX: WM www.wallbridgemining.com
129 Fielding Road Lively ON P3Y 1L7 t: 705‐682‐9297 f: 1‐888‐316‐4156 e [email protected]
Wallbridge Mining Announces Voting Results from Annual Meeting of Shareholders
Toronto, Ontario – May 26, 2022 – Wallbridge Mining Company Lim ited (TSX:WM, OTCQX:WLBMF)
(“Wallbridge” or the “Company”) held its Annual and Special Meeting of Shareholders (the “ Meeting”) on May 25,
2022.
A total of 523,233,979 shares or 59.3% of the outstanding shares of the Company were represented at the Meeting by proxy.
All of the matters submitted to the shareholders for approval as set out in the Company's notice of meeting and management
information circular dated April 15, 2022 (“MIC”) were approved by the requisite majority of votes cast at the Meeting.
Voting on the following matters, as described in the MIC, was conducted by ballot:
to set the number of directors at ten, and
approval, confirmation and ratification of the Company’s Omnibus Share Based Compensation Plan.
A total of 474,872,804 votes, o r 92.3%, were cast by ballot for the resolution to set the number of directors at ten, while
39,746,491, or 7.7%, were cast by ballot against the resolution to set the number of directors at ten; a total of 437,079,207
votes, or 84.9%, were cast by ballot for the resolution to approve, confirm and ratify the Company’s Omnibus Share Based
Compensation Plan, while 77,540,088, or 15.1%, were cast by ba llot against the resolution to approve, confirm and ratify
the Company’s Omnibus Share Based Compensation Plan.
Voting on all other matters was as follows:
Election of Directors for the Ensuing Year
The following directors were elected until the next annual meet ing of shareholders or until their successors are otherwise
duly elected or appointed: Alar Soever, Faramarz (Marz) Kord, J anet Wilkinson, Parviz Farsangi, Shawn Day, Michael
Pesner, Anthony Makuch, Jeffery Snow, Danielle Giovenazzo and Brian Christie.
Votes For Votes Withheld Not Voted
Number Percent Number Percent Number
Alar Soever 499,172,903 97.2% 14,578,404 2.8% 8,614,684
Faramarz (Marz) Kord 498,286,350 97.0% 15,464,957 3.0% 8,614,6 84
Janet Wilkinson 503,805,482 98.1% 9,945,825 1.9% 8,614,684
Parviz Farsangi 473,573,523 92.2% 40,177,784 7.8% 8,614,684
Shawn Day 510,047,396 99.3% 3,703,911 0.7% 8,614,684
Michael Pesner 473,614,792 92.2% 40,136,515 7.8% 8,614,684
Anthony Makuch 510,353,683 99.3% 3,397,624 0.7% 8,614,684
Jeffery Snow 483,515,954 94.1% 30,235,353 5.9% 8,614,684
Danielle Giovenazzo 502,907,600 97. 9% 10,843,707 2.1% 8,614,684
Brian Christie 505,970,919 98.5% 7,780,388 1.5% 8,614,684
WALLBRIDGE MINING COMPANY LIMITED TSX| WM
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Appointment of KPMG LLP as Auditor of the Corporation for the ensuing year and authorizing the Directors to
fix their remuneration
Votes For Votes Withheld
Number Percent Number Percent
515,368,510 98.7% 6,997,481 1.3%
About Wallbridge Mining
Wallbridge is focused on creating value through the discovery, acquisition, development, and production of gold from a
portfolio of exploration and advanced exploration stage assets located in established mining jurisdictions within Canada.
Wallbridge’s flagship project, Fenelon, is located on the highly prospective Detour-Fenelon Gold Trend in Northern Abitibi,
Quebec. A mineral resource estimate completed in 2021 validated the multi-million-ounce potential of Fenelon as well as
Wallbridge’s nearby Martiniere Property, incorporating a combin ed 2.67 million ounces of i ndicated gold resources and
1.72 million ounces of inferred gold resources. Fenelon and Mar tiniere, located within a 910-square-kilometre exploration
land package controlled by Wallbridge, have the potential to be developed into mines, and are close to existing power and
transportation infrastructure. Wallbridge also has interests in several copper, nickel and platinum group metal properties,
including a 17.8% interest in Lonmin Canada Inc.
Further information about Wallbridge can be found in the Compan y’s regulatory filings available on SEDAR at
www.sedar.com and on the Company’s website at www.wallbridgemining.com.
This news release has been authorized by the undersigned on behalf of Wallbridge Mining Company Limited.
Wallbridge Mining Company Limited
Marz Kord, P. Eng., M. Sc., MBA
President & CEO
Tel: (705) 682‒9297 ext. 251
Email: [email protected]
Victoria Vargas, B.Sc. (Hon.) Economics, MBA
Investor Relations Advisor
Email: [email protected]
WALLBRIDGE MINING COMPANY LIMITED TSX| WM
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Cautionary Note Regarding Forward-Looking Information
This press release of Wallbridge Mining Company Limited (" Wallbridge" or the "Company") contains forward-looking statements or
information (collectively, “FLI”) within the meaning of applicab le Canadian securities legislation. FLI is based on expectation s,
estimates, projections and interpretations as at the date of this press release.
All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, esti mates and
uncertainties. Generally, FLI can be identified by the use of statements that include words such as “seeks”, “believes”, “antic ipates”,
“plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “int ends”, “projects”, “predicts”, “proposes” ,
"potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”,
“could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved.”
FLI herein includes, but is not limited to: future drill results; the Company’s ability to convert inferred resources into meas ured and
indicated resources; environmental matters; stakeholder engagement and relationships; parameters and methods used to estimate t he
mineral resource estimates (each an “MRE”) at the Fenelon and Martiniere properties (collectively the “ Deposits”); the prospects, if
any, of the Deposits; future drilling at the Deposits; and the significance of historic exploration activities and results.
FLI is designed to help you understand management’s current views of its near- and longer-term prospects, and it may not be
appropriate for other purposes. FLI by their nature are based on assumptions and involve known and unknown risks, uncertainties and
other factors which may cause the actual re sults, performance or achievements of the Co mpany to be materially different from an y
future results, performance or achievements expressed or implied by such FLI. Although the FLI contained in this press release is based
upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and
prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as there may be other factors
that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility
for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumes no
obligation, to update or revise any such FLI contained herein to reflect new events or circumstances, except as may be required by law.
Unless otherwise noted, this press release has been prepared based on information available as of the date of this press releas e.
Accordingly, you should not place undue reliance on the FLI or information contained herein.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prov e
incorrect, actual results may vary materially from those described in FLI.
Assumptions upon which FLI is based, wit hout limitation, include: the ability of exp loration activities to accurately predict
mineralization; the accuracy of geological modelling; the ability of the Company to complete further exploration activities; th e
legitimacy of title and property interests in the Deposits; the accuracy of key assumptions, parameters or methods used to estimate the
MREs; the ability of the Company to obtain required approvals; the results of exploration activities; the evolution of the global economic
climate; metal prices; environmental expectations; community and non-governmental actions; and any impacts of COVID-19 on the
Deposits, the Company’s financial position, the Company’s ability to secure required funding, or operations. Risks and uncertai nties
about Wallbridge's business are more fully discussed in the di sclosure materials filed with the securities regulatory authoriti es in
Canada, which are available at www.sedar.com.
Covid‒19 ‒ Given the rapidly evolving nature of the Coronavirus (COVID‒19) pandemic, Wallbridge is actively monitoring the situation
in order to continue to maintain as best as possible the activities while striving to protect the health of its personnel. Wal lbridge'
activities will continue to align with the guidance provided by local, provincial and federal authorities in Canada. The Compa ny has
established measures to continue normal activities while protecti ng the health of its employees and stakeholders. Depending on the
evolution of the virus, measures may affect the regular operations of Wallbridge and the participation of staff members in events inside
or outside Canada.
WALLBRIDGE MINING COMPANY LIMITED TSX| WM
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Information Concerning Estimates of Mineral Resources
The disclosure in this press release and referred to herein was prepared in accordance with NI 43-101 which differs significantly from
the requirements of the U.S. Secur ities and Exchange Commission (the " SEC"). The terms "measured mineral resource", "indicated
mineral resource" and "inferred mineral resource" used in this press release are in reference to the mining terms defined in the Canadian
Institute of Mining, Metallurgy and Petroleum Standards (the " CIM Definition Standards"), which definitions have been adopted by
NI 43-101. Accordingly, information contained in this press release providing descriptions of our mineral deposits in accordance with
NI 43-101 may not be comparable to similar information made public by other U.S. companies subject to the United States federal
securities laws and the rules and regulations thereunder.
Investors are cautioned not to assume that any part or all of mineral resources will ever be converted into reserves. Pursuant to CIM
Definition Standards, "inferred mineral resources" are that part of a mineral resource for which quantity and grade or quality are
estimated on the basis of limited geological evidence and sampling. Such geological evidence is sufficient to imply but not ve rify
geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an
indicated mineral resource and must not be converted to a mine ral reserve. However, it is reas onably expected that the majority of
inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules,
estimates of inferred mineral resources ma y not form the basis of feasibility or pr e-feasibility studies, except in rare cases. Investors
are cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable. Disclosu re of
"contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers
to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference t o unit
measures.
Canadian standards, including the CIM Definition Standards and NI 43-101, differ significantly from standards in the SEC Indust ry
Guide 7. Effective February 25, 2019, the SEC adopted new mining disclosure rules under subpart 1300 of Regulation S-K of the United
States Securities Act of 1933, as amended (the "SEC Modernization Rules"), with compliance required for the first fiscal year beginning
on or after January 1, 2021. The SEC Modernization Rules replace the historical property disclosure requirements included in S EC
Industry Guide 7. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of "measured mineral
resources", "indicated mineral resources" and "inferred mineral resources". Information regarding mineral resources contained or
referenced in this press release may not be comparable to similar information made public by companies that report according to U.S.
standards. While the SEC Modernization Rules are purported to be "substantially similar" to the CIM Definition Standards, read ers
are cautioned that there are differences between the SEC Modernization Rules and the CIM Definitions Standards. Accordingly, there
is no assurance any mineral resources that the Company may report as "measured mineral resources", "indicated mineral resources "
and "inferred mineral resources" under NI 43-101 would be the same had the Company prepared the resource estimates under the
standards adopted under the SEC Modernization Rules.