Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") is pleased to announce the results of voting at its annual general meeting of shareholders which was held today (the "Meeting"). All matters submitted to shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, both dated May 27, 2024, were approved by the requisite majority of votes cast at the Meeting.
NUMBER OF DIRECTORS
Shareholders approved setting the number of directors at five (5).
ELECTION OF DIRECTORS
| Votes For | Withheld Votes | |||
| Director | # | % | # | % |
| Patrick Elliott | 22,639,808 | 99.60 | 90,000 | 0.40 |
| Chet Idziszek | 22,349,808 | 98.33 | 380,000 | 1.67 |
| Brad Mercer | 22,689,808 | 99.82 | 40,000 | 0.18 |
| Richard Osmond | 22,639,808 | 99.60 | 90,000 | 0.40 |
| Mary-Carmen Vera | 22,729,808 | 100.00 | - | - |
Following the Meeting Brad Mercer was appointed independent Chair of the Board of Directors.
Richard Osmond, President and CEO stated "On behalf of the Company and the board, I would like to thank all the shareholders who voted at the Meeting and for their continued support. We welcome Brad Mercer, Chet Idziszek and Mary-Carmen Vera as Element 29's newest board members and look forward to working alongside this talented and dedicated team. In addition, we would like to thank Robert Willis for his invaluable contributions to the Company."
APPOINTMENT OF AUDITORS
Davidson & Company LLP, Chartered Professional Accountants were re-appointed auditors of the Company for the ensuing year at the remuneration to be fixed by the directors.
STOCK OPTION PLAN
Shareholders approved the renewal of the Company's Stock Option Plan.
Detailed voting results for the Meeting are available on SEDAR+ at .
About Element 29 Resources Inc.
Element 29 is an emerging copper exploration and development company focused on advancing its portfolio of Peruvian projects towards development in one of the world's more established mining jurisdictions.
The Company's principal objective is to explore and develop its Elida Porphyry Copper Deposit in west-central Perú and its Flor de Cobre Porphyry Copper Project located in the Southern Perú Copper Belt, 26 km southeast from Freeport-McMoRan's Cerro Verde copper mine1. Both projects are well located for potential mine development and will benefit from nearby infrastructure including roads, powerlines, ports, water, and a skilled workforce.
More information is available at .
For more information:
Richard Osmond, CEO and Director
1-888-246-7881
info@e29copper.com
Neither the TSX Venture Exchange (the "TSX-V") nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this press release.
1This news release contains information about adjacent properties on which Element 29 has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties
