HighGold Mining Announces AGM Results and Change to Board of Directors

Rhea-AI Summary

HighGold Mining Inc. (TSX-V:HIGH, OTCQX:HGGOF) held its Annual General Meeting on November 24, 2021, where shareholders approved all proposed resolutions. Incumbent directors, including Anne Labelle and Michael Cinnamond, were re-elected to the Board. CFO Aris Morfopoulos chose not to stand for re-election, reducing the Board size to five members. Additionally, DeVisser Gray LLP was re-appointed as auditors, and the Stock Option Plan was re-approved. A total of 18,348,692 shares were voted, representing 30.02% of total shares outstanding.

Positive

• Re-election of all incumbent directors supports stability in leadership.
• Reduction of the Board size may streamline decision-making processes.
• Re-approval of the Stock Option Plan may help attract and retain talent.

Negative

• CFO Aris Morfopoulos stepping down from the Board raises concerns about continuity.

VANCOUVER, British Columbia--(BUSINESS WIRE)-- HighGold Mining Inc. (TSX-V:HIGH, OTCQX:HGGOF) (“HighGold” or the “Company”) is pleased to announce the results of voting at its Annual General Meeting of Shareholders (“AGM”) held November 24, 2021.

Shareholders voted in favour of all items put forward by the Company. At the AGM incumbent directors, Anne Labelle, Michael Cinnamond, Lance Miller, Michael Gray and Darwin Green, were re-elected to the Board. As part of the Company’s ongoing effort to meet best practices for corporate governance, including the independence of directors, Aris Morfopoulos, the Company’s CFO, did not be stand for re-election. As such, the number of directors was reduced from six to five. HighGold wishes to thank Mr. Morfopoulos for his Board contributions from formation through the Company’s initial years of growth. Mr. Morfopoulos will continue on as CFO for HighGold.

Shareholders also voted in favour of (i) re-appointing DeVisser Gray LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year and authorizing directors to fix their remuneration; and (ii) re-approving the Company’s Stock Option Plan.

A total of 18,348,692 common shares were voted, representing 30.02% of total shares issued and outstanding as at the record date of the meeting.

About HighGold

HighGold is a well-funded mineral exploration company focused on high-grade gold projects located in North America. HighGold’s flagship asset is the high-grade Johnson Tract Gold (Zn-Cu) Project located in Southcentral Alaska, USA. The Company also controls a portfolio of quality gold projects in the greater Timmins gold camp, Ontario, Canada that includes the Munro-Croesus Gold property, which is renowned for its high-grade mineralization at the past-producing Croesus Mine, and the large Golden Mile and Golden Perimeter properties. HighGold’s experienced Board and senior management team, are committed to creating shareholder value through the discovery process, careful allocation of capital, and environmentally/socially responsible mineral exploration.

On Behalf of HighGold Mining Inc.

“Darwin Green”

President & CEO

For further information, please visit the HighGold Mining Inc. website at www.highgoldmining.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211126005596/en/

Darwin Green, President & CEO or Naomi Nemeth, VP Investor Relations

Phone: 1-604-629-1165 or North American toll-free 1-855-629-1165

Email: information@highgoldmining.com.

Website: www.highgoldmining.com

Twitter: @HighgoldMining

Source: HighGold Mining Inc.

FAQ

What were the results of HighGold Mining's AGM on November 24, 2021?

All resolutions proposed were approved by shareholders, including the re-election of all incumbent directors.

Who is the CFO of HighGold Mining after the AGM in November 2021?

Aris Morfopoulos remains as CFO but did not stand for re-election to the Board.

What percentage of shares were voted at HighGold Mining's AGM?

A total of 18,348,692 shares were voted, representing 30.02% of total shares outstanding.

What changes occurred in HighGold Mining's Board of Directors during the AGM 2021?

The Board size was reduced from six to five members following the non-re-election of CFO Aris Morfopoulos.

What auditors were re-appointed at HighGold Mining's AGM?

DeVisser Gray LLP was re-appointed as auditors for the ensuing year.