Merida Announces Name Change and Results of Annual General and Special Meeting

TORONTO, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Merida Minerals Holdings Inc., (the "Corporation" or "Merida") (TSXV: ESPN) announced that the Corporation has changed its name to “Hispania Resources Inc.” effective November 17, 2022. The common shares of the Corporation will commence trading under the new name on the TSX Venture Exchange under its current trading symbol “ESPN” at market open on December 14, 2022. There is no consolidation or change in the share capital. The Corporation is changing its name as it plans to acquire additional mining property in various regions of Spain. Given these plans for expansion, the Corporation felt that the current name “Merida”, being a reference to the specific region in Spain where the Corporation’s current mining property is located, is no longer appropriate.

Common share certificates bearing the previous company name “Merida Minerals Holdings Inc.”, continue to be valid in the settlement of trades and will only be replaced with certificates bearing the new name upon transfer. The Corporation is not requesting, and shareholders are not required to, exchange their existing share certificates for new certificates bearing the new company name.

Merida is also pleased to announce that all of management’s nominees listed in the Corporation’s management information circular dated October 14, 2022 (the “Circular”) were elected as directors of the Corporation at the annual general and special meeting of shareholders held on November 14, 2022 (the “Meeting”).

The detailed results of the vote for the election of directors held at the Meeting are set out below. Miguel Cabal voluntarily stepped down as a director and did not stand for re-election.

Name of Nominee	Votes cast FOR	% votes cast FOR		Votes WITHHELD	% votes WITHHELD
Norman Brewster	24,660,980	99.556%		110,000	0.444%
Rahim Allani	24,675,980	99.616%		95,000	0.384%
Modesto Eduardo Olarte Soto	24,675,980	99.616%		95,000	0.384%

At the Meeting, the Corporation’s shareholders also approved: (i) fixing the number of directors for the ensuing year at three and empowering the board of directors of the Corporation to adjust such number between shareholder meetings by way of resolution in accordance with the Corporation’s constating documents; (ii) the reappointment of DMCL LLP as the Corporation’s auditors for the ensuing year and authorized the board of directors to fix the auditors’ remuneration; (iii) the Equity Incentive Plan of the Corporation, and (iv) the name change of the Corporation to “Hispania Resources Inc.”