Rugby Resources Ltd. Announces Results of its Annual General & Special Meeting

VANCOUVER, British Columbia, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Rugby Resources Ltd. (“Rugby” or the “Company”) (TSX-V: RUG) is pleased to provide the voting results from its Annual General & Special Meeting (“AGSM”) that was held on December 5^th in Vancouver, British Columbia. A total of 80,582,317 common shares of the Company were voted, representing 25.45% of the Company’s outstanding shares. Shareholders voted in favour of all applicable items of business set before the meeting, as follows:

	Percentage of Votes Cast
Number of Directors	% For	% Against
Number of Directors to be set at five (5)	99.98%	0.02%
Election of Directors	% For	% of Votes Withheld
Bryce Roxburgh	94.62%	5.38%
Yale R. Simpson	94.62%	5.38%
Robert Reynolds	99.98%	0.02%
Cecil Bond	94.62%	5.38%
Paul Joyce	94.62%	5.38%
Appointment of Auditor	% For	% of Votes Withheld
To appoint PricewaterhouseCoopers LLP, Chartered Professional Accountants, as auditors for the ensuing year and to authorize the directors to fix their remuneration.	100%	0.00%
Approval of Stock Option Plan	% For	% Against
To consider and, if deemed appropriate, to pass an ordinary resolution of shareholders approving the Company’s restated stock option plan as more particularly described in the accompanying Information Circular dated October 31, 2024 (the “Information Circular”).	95.08%	4.92%
Approval of Restricted Share Unit and Deferred Share Unit Plan	% For	% Against
To consider and, if deemed appropriate, to pass an ordinary resolution of shareholders approving the Company’s amended and restated restricted share unit and deferred share unit compensation plan, as more particularly described in the accompanying Information Circular.	99.98%	0.02%

Bryce Roxburgh, Yale Simpson, Robert Reynolds, Cecil Bond, and Paul Joyce were all re-elected to the Board of Directors at the AGSM.

Merfyn Roberts did not stand for re-election at the AGSM, however, will remain as an advisor to the Board. The Company would like to thank Mr. Roberts for his service and dedication over the years and wishes him well.

For additional information you are invited to visit the Rugby Resources Ltd. website at: www.rugbyresourcesltd.com

Rob Grey, VP Corporate Communications	Suite 1890 – 1075 West Georgia St.
Tel: [phone] Fax: [phone]	Vancouver, BC Canada. V6E 3C9
Toll free: 1-855-688-4941	[e-mail]

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