Fortune Minerals Announces Results of Annual General Meeting of Shareholders

Rhea-AI Summary

Fortune Minerals Limited (TSX: FT; OTCQB: FTMDF) announced the results of its 2022 Annual General Meeting held on June 28, 2022. All nominees listed in the management information circular were elected as directors, with approval rates ranging from 94.96% to 98.32%. Robin E. Goad received 97.82% approval. Additionally, shareholders approved the appointment of the company's auditors. Fortune is focused on developing the NICO cobalt-gold-bismuth-copper project in the NWT and Alberta, with plans to utilize the nearby Sue-Dianne deposit for future mill feed.

Positive

• All director nominees were elected with high approval ratings, enhancing management stability: Robin E. Goad 97.82%, Glen Koropchuk 98.02%, John McVey 98.03%.
• The appointment of auditors was approved, indicating shareholder confidence in governance.
• Focus on developing the NICO project and potential utilization of the nearby Sue-Dianne deposit for future operations.

Negative

• None.

LONDON, Ontario--(BUSINESS WIRE)-- Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) reports that the nominees listed in the management information circular for the 2022 Annual General Meeting of shareholders held on June 28, 2022 (the “Meeting”) were elected as directors of Fortune. Detailed results of the vote based on proxies received are set out below:

Nominee	Votes For	% For	Votes Withheld	% Withheld
Robin E. Goad	67,595,332	97.82%	1,505,753	2.18%
Glen Koropchuk	67,734,593	98.02%	1,366,491	1.98%
John McVey	67,739,525	98.03%	1,361,560	1.97%
Mahendra Naik	66,556,189	96.32%	2,544,895	3.68%
David Ramsay	65,616,270	94.96%	3,484,814	5.04%
Edward Yurkowski	67,940,000	98.32%	1,161,085	1.68%

Shareholders also approved the appointment of Fortune’s auditors.

About Fortune Minerals:

Fortune is a Canadian mining company focused on developing the NICO cobalt-gold-bismuth-copper Critical Minerals project in the NWT and Alberta. Fortune also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 km north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220629005691/en/

Fortune Minerals Limited

Troy Nazarewicz

Investor Relations Manager

info@fortuneminerals.com

Tel: (519) 858-8188

www.fortuneminerals.com

Source: Fortune Minerals Limited

FAQ

What were the results of Fortune Minerals Limited's 2022 Annual General Meeting?

All nominees for the board of directors were elected with approval ranging from 94.96% to 98.32%.

How many directors were elected at Fortune Minerals Limited's AGM?

All nominated directors were elected at the AGM held on June 28, 2022.

What is the focus of Fortune Minerals Limited?

Fortune Minerals is focused on developing the NICO cobalt-gold-bismuth-copper project in the NWT and Alberta.

What significant corporate events occurred at Fortune Minerals Limited recently?

The company held its AGM, elected all board nominees, and approved the appointment of auditors.

What percentage of votes supported Robin E. Goad in the AGM?

Robin E. Goad received 97.82% support from shareholders.