Bulgold Announces Annual General Meeting Voting Results

TORONTO, March 27, 2024 (GLOBE NEWSWIRE) --  BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) is pleased to announce the voting results from its Annual General Meeting of shareholders (“Shareholders”) that was held at 10:00 AM on March 27, 2024 (the “Meeting”).

All the matters put forward before Shareholders for consideration and approval as set out in the Company’s management information circular dated February 6, 2024 (the “Circular”) were approved by the requisite majority of votes cast at the Meeting. In particular, Shareholders approved the election of all director nominees listed in the Circular. The board of directors of the Company is now comprised as follows:

• James A. Crombie
• Sean Hasson
• Colin Jones
• Laurie Marsland
• Dr. Mihaela Barnes
• Vanessa Cook

Shareholders also appointed Raymond Chabot Grant Thornton LLP as auditors of the Company until the close of the next annual meeting of Shareholders at a remuneration to be fixed by the board of directors of the Company. Further, the disinterested Shareholders passed an ordinary resolution approving and ratifying the Company’s 10% “rolling” equity incentive plan (the full text of which is set out in the Circular).

A total of 16,163,553 common shares representing approximately 58.6% of the Company’s issued and outstanding common shares were voted in connection with the Meeting, and each of the foregoing matters were approved by over 97% of the votes cast thereon.

About BULGOLD Inc.
BULGOLD is a gold exploration company focused on the exploration and development of mineral exploration projects in Central and Eastern Europe. The Company controls 100% of three quality quartz-adularia epithermal gold projects located in the Bulgarian and Slovak portions of the Western Tethyan Belt: the Lutila Gold Project, the Kostilkovo Gold Project and the Kutel Gold Project. Management of the Company believes that its assets show potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralisation.

On December 31, 2023, BULGOLD’s issued and outstanding shares were 27,597,928 of which approximately 39.5% were held by Founders, Directors and Management. Additional information about the Company is available on BULGOLD’s website (www.BULGOLD.com) and on SEDAR+ (www.sedarplus.ca).

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.