Wallbridge Mining Announces Voting Results from Annual Meeting of Shareholders

Article Content

TORONTO, June 27, 2024 (Globe Newswire) – Wallbridge Mining Company Limited (TSX:WM, OTCQB:WLBMF) (“Wallbridge” or the “Company”) Hold its annual shareholders meeting (“interview“) on June 26, 2024.

The total number of shares represented at the meeting was 375,770,677 shares or 36.98% of the Company’s outstanding shares. All matters were presented to shareholders for approval as set forth in the Company’s Notice of Meeting and Management Information Circular dated May 17, 2024 (“Mick“) was approved by the required majority of the votes cast at the meeting.

Article Content

The vote was on the following matters, as described in the MIC, as follows:

Set the number of directors to seven (7)

Election of members of the Board of Directors for the coming year

The following directors were elected until the next annual meeting of shareholders or until their successors are validly elected or appointed: Brian Penny, Janet Wilkinson, Michael Besner, Anthony McCuch, Jeffrey Snow, Daniel Giovinazzo, and Brian Christie.

Appointing KPMG LLP as the company’s auditor for the following year and authorizing the members of the Board of Directors to determine their fees

Article Content

Article content

About Wallbridge Mining

Wallbridge is centered around creating value through the exploration and development of gold projects along the Detour-Fenelon Gold Trend in the North Abitibi region of Quebec while respecting the environment and the communities in which it operates.

Wallbridge’s most advanced projects, Fenelon Gold (“Fenelon“”) and Martiniere Gold (“Martiniere“) comprises 3.05 million ounces of indicated gold resources and 2.35 million ounces of inferred gold resources. Fenelon and Martinier are located within an 830 square kilometre exploration land package controlled by Walbridge.

Walbridge announced a positive preliminary economic assessment (“Peas) in Fenelon, which has an estimated average annual gold production of approximately 212,000 ounces over 12 years.

Wallbridge also owns a 15.79% stake in NorthX Nickel Corp’s common stock. (formerly known as “Archer exploration“) as a result of the sale of the Company’s portfolio of nickel assets in Ontario and Quebec. For more information, please visit the Company’s website at https://wallbridgemining.com/ Or contact:

Article content

WALBRIDGE MINING LIMITED

Cautionary note regarding forward-looking information
The information contained in this document may contain forward-looking statements or information (collectively, “forward-looking statements”).FLI“) within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections and interpretations as of the date of this document.

All statements, other than statements of historical fact, included herein are FLI and involve various risks, assumptions, estimates and uncertainties. In general, FLI can be identified by the use of phrases that include, but are not limited to, words such as “seeks,” “believes,” “expects,” “plans,” “continues,” “budget,” “planned,” “estimates.” “, “anticipates”, “predicts”, “intends”, “plans”, “predicts”, “proposes”, “potential”, “targets” and variations of such words and phrases, or by statements indicating specific actions, events or results. “may”, “will”, “could”, “would”, “should”, “might”, “taken”, “happened” or “achieved”.

Article content

FLI in this document may include, but is not limited to, the following: statements relating to the results of the PEA; potential future performance of the common stock; future drilling 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 mine risk education at Fenelon and Martinier (collectively, “Deposits“); prospects for deposits, if any; future drilling at deposits; and the significance of historical exploration activities and results.

The FLI is designed to assist you in understanding management’s current views of its near- and long-term prospects and may not be appropriate for other purposes. FLI is inherently based on assumptions and involves known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the FLI. Although the FLI contained herein is based on what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and potential purchasers of the Company’s securities that actual results will be consistent with the 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 or completeness of any such FLI. Except as required by law, the Company undertakes no obligation, and assumes no obligation, to update or revise any such FLI contained herein to reflect new events or circumstances. Unless otherwise stated, this document has been prepared based on information available as of the date of this document. Accordingly, you should not place undue reliance on FLI or the information contained herein.

Article Content

Furthermore, if one or more of the risks, uncertainties or other factors materialize, or if underlying assumptions prove incorrect, actual results may differ materially from those described in the FLI.

The assumptions upon which FLI is based include, but are not limited to, the following: the results of exploration activities, the Company’s financial position and general economic conditions; the ability of exploration activities to accurately predict mineralization; Accuracy of geological modeling. the Company’s ability to complete further exploration activities; Legality of property rights and ownership interests in deposits; The accuracy of key assumptions, parameters or methods used to estimate MRE and in environmental risk assessment; The Company’s ability to obtain the required approvals; Geological, mining and exploration technical problems; failure of equipment or processes to operate as expected; Evolution of the global economic climate; metal prices foreign exchange rates; environmental forecasts; Community and non-governmental actions; The company’s ability to secure the required financing. The risks and uncertainties relating to Wallbridge’s business are discussed in disclosure materials filed with Canadian securities regulatory authorities, which are available at www.sedarplus.ca.

Article Content

Cautionary notes for US investors
Wallbridge prepares its disclosure in accordance with NI 43-101, which is different from the requirements of the SEC (“Securities and Exchange Commission“). Terms relating to mineral properties, mineralization, estimates of mineral reserves, mineral resources and economic studies used herein are defined in accordance with NI 43-101 under the guidelines set forth in the CIM Definition Standards for Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of Mining, Metals and Petroleum Council on May 19, 2014, as amended. NI 43-101 differs significantly from the Securities and Exchange Commission (SEC) disclosure requirements that generally apply to U.S. companies. As such, the information provided herein regarding mineral properties, mineralization, estimates of mineral reserves and mineral resources may not be comparable to similar information disclosed by U.S. companies subject to the reporting and disclosure requirements under U.S. federal securities laws, rules and regulations.

Article content