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 – June 8, 2023 – Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF)
(“Wallbridge” or the “Company”) held its Annual Meeting of Shareholders (the “ Meeting”) today, June 8,
2023.
A total of 505,795,637 shares or 54.13% of the outstanding shares of the Company were represented at the
Meeting. 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 28, 2023 (“MIC”) were approved by the requisite
majority of votes cast at the Meeting.
Voting on the following matters, as described in the MIC, were conducted by ballot:
To Set the Number of Directors at Nine (9)
Votes For Votes Against
Number Percent Number Percent
432,199,325 89.31% 51,742,497 10.69%
Election of Directors for the Ensuing Year
The following directors were elected until the next annual meeting of shareholders or until their successors are
otherwise duly elected or appointed: Alar Soever, Faramarz (Marz) Kord, Janet Wilkinson, Parviz Farsangi,
Michael Pesner, Anthony Makuch, Jeffery Snow, Danielle Giovenazzo and Brian Christie.
Votes For Votes Withheld
Number Percent Number Percent
Alar Soever 447,027,908 92.37% 36,913,914 7.63%
Faramarz (Marz) Kord 466,152,456 96.32% 17,789,366 3.68%
Janet Wilkinson 470,323,251 97.19% 13,618,571 2.81%
Parviz Farsangi 433,046,528 89.48% 50,895,294 10.52%
Michael Pesner 437,856,828 90.48% 46,084,994 9.52%
Anthony Makuch 474,098,432 97.97% 9,843,391 2.03%
Jeffery Snow 470,655,348 97.25% 13,286,474 2.75%
Danielle Giovenazzo 471,250,789 97.38% 12,691,333 2.62%
Brian Christie 466,997,634 96.50% 16,944,188 3.50%
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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
500,375,204 98.93% 5,420,433 1.07%
About Wallbridge Mining
Wallbridge is focused on creating value through the exploration and sustainable development of gold projects
along the Detour-Fenelon Gold Trend while respecting the environment and communities where it operates.
Wallbridge’s flagship project, Fenelon Gold (“Fenelon”), is located on the highly prospective Detour-Fenelon
Gold Trend Property in Québec’s Northern Abitibi region. An updated mineral resource estimate completed in
January 2023 yielded significantly improved grades and additional ounces at the 100%-owned Fenelon and
Martiniere projects, incorporating a combined 3.05 million ounces of indicated gold resources and 2.35 million
ounces of inferred gold resources.
Fenelon and Martiniere are located within an 830 km2 exploration land package controlled by Wallbridge. The
Company believes that these two deposits have good potential for economic development, especially given
their proximity to existing hydro-electric power and transportation infrastructure. In addition, Wallbridge
believes that the extensive land package is extremely prospective for the discovery of additional gold deposits.
Wallbridge also holds a 19.9% interest in the common shares of Archer Exploration Corp. (“Archer”) as a
result of the sale of the Company’s portfolio of nickel assets in Ontario and Québec in November of 2022.
Wallbridge will continue to focus on its core Detour-Fenelon Gold Trend Property while enabling shareholders
to participate in the potential economic upside in Archer.
For further information please visit the Company’s website at www.wallbridgemining.com or contact:
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]
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Cautionary Note Regarding Forward-Looking Information
This press release may contain forward-looking statements or information (collectively, “FLI”) within the
meaning of applicable Canadian securities legislation. FLI is based on expectations, 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, estimates and uncertainties. Generally, FLI can be identified by the use of statements that include
words such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”,
“expects”, “forecasts”, “intends”, “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: statements regarding the potential future performance of Archer
common shares; future drill results; the Company’s ability to convert inferred resources into measured and
indicated resources; environmental matters; stakeholder engagement and relationships; parameters and
methods used to estimate the MRE’s at the Fenelon Gold (defined below) and Martiniere (defined below)
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 results, performance, or
achievements of the Company to be materially different from any 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. Unless otherwise noted, this
press release has been prepared based on information available as of the date of this press release.
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 prove incorrect, actual results may vary materially from those described in FLI.
Assumptions upon which FLI is based, without limitation, include: the results of exploration activities, the
Company’s financial position and general economic conditions, the ability of exploration activities to
accurately predict mineralization; the accuracy of geological modelling; the ability of the Company to complete
further exploration activities; the 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
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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 the COVID-19
pandemic on the Deposits, the Company’s financial position, the Company’s ability to secure required funding,
or operations. In addition to the MD&A, risks and uncertainties about Wallbridge's business are discussed in
the disclosure materials filed with the securities regulatory authorities in Canada, which are available at
www.sedar.com.
Information Concerning Estimates of Mineral Resources
The disclosure relating to the Deposits and MRE’s in this press release and referred to herein was prepared in
accordance with NI 43-101 which differs from the requirements of the U.S. Securities 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 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 verify 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 mineral reserve. However, it is reasonably 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 may not form the basis of feasibility
or pre-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. Disclosure 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 to unit measures.
Investors are cautioned that while terms, are substantially similar to CIM Definition Standards, there are
differences in the definitions and standards 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 SEC 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
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report according to U.S. standards. While the SEC Modernization Rules are purported to be "substantially
similar" to the CIM Definition Standards, readers 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.