Vancouver, August 10, 2022 - Nine Mile Metals Ltd. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") announces that at its annual general and special meeting (the "AGSM") held on August 9, 2022, Nine Mile's shareholders approved by majority: to elect all six directors standing for election; to re-appoint Saturna Group Chartered Professional Accountants LLP as the auditors of the Company; and to reapprove the Company's 10% rolling stock option plan.
Gary Lohman has been appointed as a new member of the Company's Board of Directors and as the VP Exploration. Mr. Lohman is a founder and Chief Operating Officer of Royal Stewart Resources Corp. As an exploration geologist, he has 40 years of management experience in both precious and base metal exploration. He is skilled in geological, geochemical and geophysical exploration techniques in a wide variety of settings including Volcanogenic Massive Sulphides (VMS), Porphyry & IOCG (Copper/Gold) Style Deposits. Experience includes evaluations / research conducted on bonanza grade and bulk tonnage gold-silver properties in Canada, Mexico, California, Ecuador & Chile. Mr. Lohman owns 5,921,743 common shares of the Company representing 11.2% of the issued and outstanding.
A total of 26 shareholders were represented in person or by proxy with 15,566,814 common shares voted representing 35.28% of the Company's outstanding common shares.
Following the AGSM, Charles MaLette will be stepping down from his role of Chief Executive Officer ("CEO"). Mr. MaLette will remain as the President and Secretary of the Company. Patrick Cruickshank has been appointed as the new CEO of the Company, effective August 9, 2022.
Patrick Cruickshank has been a director of the Company since January 24, 2022. Mr. Cruickshank received his MBA from the Schulich School of Business at York University in 1989. Mr. Cruickshank brings over 20 years of experience from the wealth management sector working for Merryll Lynch, Legg Mason, and Citigroup Capital Markets, where he focused on creating and protecting wealth while specializing in funding growth companies. Mr. Cruickshank was an NFLPA advisor from 2000 to 2012, until transitioning into private equity. Since 2012, Mr. Cruickshank has concentrated on acquiring, funding and growing companies in the Energy and Resource Sector. Mr. Cruickshank has been the current CEO of Fiddlehead Mining Corp. since 2019 and serves as a director on a number of private companies. Mr. Cruickshank is also a former Canadian National Team soccer player, US NCAA Division 1 Collegiate player and coach. Mr. Cruickshank owns indirectly 9,129,354 common shares of the Company representing 17.2% of the issued and outstanding.
About Nine Mile Metals Ltd.:
Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company's primary business objective is to explore its three VMS Projects: Nine Mile Brook VMS Project; California Lake VMS Project; and the Canoe Landing Lake (East - West) VMS Project. The Company is focused on exploration of Minerals for Technology (MFT), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.
ON BEHALF OF Nine Mile Metals Ltd.
"Charles MaLette"
President, Director & Secretary
T: 604-428-5171
E: info@ninemilemetals.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as "will," "may," "would," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "could" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
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