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1911 Gold Announces Results Of 2024 Annual General and Special Meeting

Vancouver, British Columbia, June 27, 2024 – 1911 Gold Corporation ("1911 Gold" or the "Company") (TSXV: AUMB; OTCBB: AUMBF) is pleased to announce the results of its 2024 Annual General and Special Meeting (the "Meeting") of shareholders held on Wednesday, June 26, 2024, in Vancouver, Canada. Shareholders holding 58,765,642 common shares, or 43.7% of the outstanding common shares of the Company were represented in person or by proxy at the Meeting and voted in favour of all matters brought before the Meeting:

  • Electing each management-nominated director;
  • Appointing Baker Tilly WM LLP as the Company’s auditor;
  • An ordinary resolution approving the Company’s new long-term incentive plan;
  • An ordinary resolution of disinterested shareholders approving the creation of a new Control Person.

A summary of the results for the election of 1911 Gold’s Board of Directors is provided below:

Nominee Votes For Votes Withheld
Number % Number %
  1. Elect Gary O’Connor as Director
53,665,904 99.39 327,414 0.61
  1. Elect Michael Hoffman as Director
53,716,949 99.49 276,369 0.51
  1. Elect Shaun Heinrichs as Director
53,724,768 99.50 268,550 0.50
  1. Elect Blair Schultz as Director
53,727,754 99.51 265,564 0.49

Blair Schultz joins as a new director to the Company at this years Meeting. Blair brings over 25 years of experience in financial, operational, project finance and capital markets experience. He is an experienced director who began his career at one of Canada’s top hedge funds, K2 and Associates Investment Management Inc. He was Vice President and held various positions most notably, Head of Special Situations, Portfolio Management and Trading.

James Haggarty and Shastri Ramnath, previously directors of the Company since July 2018 and March 2019, respectively, did not stand for re-election at this years AGSM.

"On behalf of the company and shareholders, I would like to thank both James and Shastri for all their invaluable contributions to 1911 Gold over the past several years. They have both been important members of the Board, providing the Company with the benefit of their unique skill sets and experience. We wish them well." Gary O’Connor, Executive Chairman commented, “I would also like to welcome Blair to the Board, and look forward to working closely with him and leveraging his experience from when he was part of the Klondex Mines Ltd. team that transitioned 1911 Gold to a separate public company and helped guide the board during those early years.”

About 1911 Gold Corporation

1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totalling more than 63,000 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Manitoba. 1911 Gold believes its land package is a prime exploration opportunity, with potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario, and intends to focus on organic growth and accretive acquisition opportunities in North America.

1911 Gold’s True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

For further information, please contact:

Shaun Heinrichs
Chief Executive Officer
(604) 674-1293
sheinrichs@1911gold.com
www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Company to close the Offering, the timing and ability of the Company to receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the timing for the Qualifying Expenditures to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

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.

SOURCE: 1911 Gold Corporation

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