Wallbridge Mining Announces Voting Results from Annual Meeting of Shareholders

TORONTO, May 26, 2022 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) held its Annual and Special Meeting of Shareholders (the “Meeting”) on May 25, 2022.

A total of 523,233,979 shares or 59.3% of the outstanding shares of the Company were represented at the Meeting by proxy. All of the matters submitted to the shareholders for approval as set out in the Company's notice of meeting and management information circular dated April 15, 2022 (“MIC”) were approved by the requisite majority of votes cast at the Meeting.

Voting on the following matters, as described in the MIC, was conducted by ballot:

• to set the number of directors at ten, and
• approval, confirmation and ratification of the Company’s Omnibus Share Based Compensation Plan.

A total of 474,872,804 votes, or 92.3%, were cast by ballot for the resolution to set the number of directors at ten, while 39,746,491, or 7.7%, were cast by ballot against the resolution to set the number of directors at ten; a total of 437,079,207 votes, or 84.9%, were cast by ballot for the resolution to approve, confirm and ratify the Company’s Omnibus Share Based Compensation Plan, while 77,540,088, or 15.1%, were cast by ballot against the resolution to approve, confirm and ratify the Company’s Omnibus Share Based Compensation Plan.

Voting on all other matters was as follows:

Election of Directors for the Ensuing Year

The following directors were elected until the next annual meeting of shareholders or until their successors are otherwise duly elected or appointed: Alar Soever, Faramarz (Marz) Kord, Janet Wilkinson, Parviz Farsangi, Shawn Day, Michael Pesner, Anthony Makuch, Jeffery Snow, Danielle Giovenazzo and Brian Christie.

	Votes For			Votes Withheld			Not Voted
	Number	Percent		Number	Percent		Number
Alar Soever	499,172,903	97.2%		14,578,404	2.8	%	8,614,684
Faramarz (Marz) Kord	498,286,350	97.0%		15,464,957	3.0	%	8,614,684
Janet Wilkinson	503,805,482	98.1%		9,945,825	1.9	%	8,614,684
Parviz Farsangi	473,573,523	92.2%