Candente Gold announces Annual General Meeting Voting results
NEWS RELEASE
Candente Gold announces Annual General Meeting Voting results
Vancouver, British Columbia, December 1 9th, 2019. Candente Gold Corp. (TSXV:CDG)
("Candente Gold" or “ the Company”) is pleased to report that all matters submitted to the
shareholders for approval as set out in the Company’s Notice of Meeting and Information
Circular, dated October 24, 2019, were approved by 77% to 99% of votes cast at the Annual
Meeting of Shareholders held on December 17th, 2019 in Vancouver (the “AGM”).
All of the current Directors : Joanne C. Freeze, Larry D. Kornze, Ian Ward, Mark Lotz and
Matthew Melnyk were re-elected.
Shareholders also voted in favour of (i) appointing Davidson & Company LLP, Chartered
Professional Accountants as auditors of the Company for the ensuing year and authorizing
directors to fix their remuneration ; (ii) approving the Company’s Stock Option Plan of the
Company; and (iii) approving Other Business that may properly come before the meeting or any
adjournment or adjournments thereof.
A total of 35,915,295 shares were voted, representing 32.89% of total shares issued and
outstanding as of the record date of the Meeting.
About Candente Gold
Candente Gold’s flagship asset is El Oro, a district scale gold project encompassing a well-known
prolific high grade gold dominant silver epithermal vein system in Mexico. The project covers
20 veins with past production and more than 57 veins in total, from which approxima tely 6.4
million ounces of gold and 74 million ounces of silver were reported to have been produced from
just two of these veins (Ref. Mexico Geological Service Bulletin No. 37, Mining of the El Oro and
Tlapujahua Districts. 1920, T. Flores)
Modern understanding of stacked boiling systems in epithermal vein systems indicates that
several of the El Oro district's veins hold multi -million ounce discovery potential, particularly
below and adjacent to historic workings of the San Rafael Vein, which was mined to an average
depth of only 200 metres. The Company has also delineated 31 new targets for mineralized
veins or zones on the property.
In addition to the exploration potential at El Oro, Candente Gold has the right to recover gold
and silver from the Mexican Mine Tailings Deposit from the Municipality of El Oro. The Mexico
Mine Tailings contain an Inferred Resource* of 1,267,400 Tonnes grading 2.94 Au g/t, 75.12 Ag
g/t containing 119,900 ounces of gold and 3,061,200 ounces of silver.
*Note: Mineral Resources are not Mineral Reserves and do not have demonstrated economic
viability. All figures have been rounded to reflect the accuracy of the estimate. For more
information see “National Instrument 43 -101 Technical Report on the Inferred Mineral
Resource Estimate of the Mexico Mine Tailings” prepared by Nadia Caira, P.Geo. and Allan
Reeves, P.Geo., dated August 25, 2014 with an effective date of July 8, 2014 available at
www.sedar.com.
Joanne C. Freeze, P.Geo., President a nd CEO, is the Qualified Pers on as defined by National
Instrument 43-101 for the project discussed above. Ms. Freeze has reviewed and approved the
contents of this release.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for
the adequacy or accuracy of this release.
Forward-looking Information
This news release may contain forward-looking information (as such term is defined under
Canadian securities laws) including but not limited to the mineral resource estimate for the
Mexico Mine Tailings, the potential for discovery in the El Oro district and other statements
that are not historical facts. While such forward-looking information is expressed by Candente
Gold in good faith and believed by Candente Gold to have a reasonable basis, they address
future events and conditions and are therefore subject to inherent risks and uncertainties
including those set out in Candente Gold's MD&A. Factors that cause the actual results to differ
materially from those in forward-looking information include, without limitation, gold prices,
results of exploration and development activities, regulatory changes, defects in title,
availability of materials and equipment, timeliness of government approvals, potential
environmental issues, availability of capital and financing and general economic, market or
business conditions. Candente Gold expressly disclaims any intention or obligation to update
or revise any forward-looking information, whether as a result of new information, future
events or otherwise, except in accordance with applicable securities laws.
On behalf of the Board of Candente Gold Corp.
“Joanne Freeze” P.Geo.
President & CEO
For further information please contact:
“Joanne C. Freeze” P.Geo.
+ 1 (604) 689-1957
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