Mines d'Or Orbec Inc. Announces Results of Annual General Meeting

Rhea-AI Summary

Mines d'Or Orbec (OTC Pink: BLTMF) held its Annual General Meeting on June 25, 2025, with 32,700,824 shares voted, representing 33.57% of outstanding shares. Shareholders approved all proposed items with strong support, including the election of five directors to the Board, reappointment of auditors, and approval of a new 10% rolling stock option plan.

Each director received over 99.9% approval votes, while the stock option plan garnered over 97% approval (excluding insider shares per TSXV rules). The elected directors are Chad Williams, John G. Tait, Kettina Cordero, David Christie, and Paolo Cattelan.

Toronto, Ontario--(Newsfile Corp. - August 27, 2025) - Mines d'Or Orbec Inc. (TSXV: BLUE) (OTC Pink: BLTMF) ("Orbec" or the "Company") is pleased to announce the voting results of its Annual General Meeting of Shareholders (the "Meeting") held on June 25, 2025.

A total of 32,700,824 shares were voted at the Meeting, representing 33.57% of the issued and outstanding shares of the Company as of the record date.

Shareholders overwhelmingly approved all items of business before them, including:

• Setting the number of directors at five;
• The election of each of Chad Williams, John G. Tait, Kettina Cordero, David Christie, and Paolo Cattelan to the Board of Directors;
• The reappointment of the Company's auditors;
• And the approval of the new 10% rolling stock option plan.

All resolutions were passed with strong shareholder support, with each director receiving over 99.9% of votes cast in favour, and over 97% approval for the Company's stock option plan (excluding insider-held shares, in accordance with TSXV rules).

The Company thanks its shareholders for their continued confidence and support.

About Orbec

Orbec is a gold company that owns 100% of a large and highly prospective mineral claim position near Chibougamau, Québec. The Muus Project covers approximately 25,250 hectares in the northeastern part of the Abitibi Greenstone Belt. Muus is prospective for gold mineralisation and is adjacent to and on strike with IAMGOLD's 8.3 million oz Nelligan Gold Project. Orbec has announced that exploration of the Muus Gold Project will advance in technical collaboration with IAMGOLD, which owns approximately 8.3% of the Company. Field work completed during 2022 established that the northern portion of the Muus Gold Project is also prospective for copper-gold volcanogenic massive sulphide mineralisation, as well as confirming that it is prospective for high-grade gold mineralisation similar to IAMGOLD's nearby Monster Lake gold deposit.

ON BEHALF OF THE BOARD
John Tait, CEO and Director

For more information, please visit our website www.orbec.ca or contact Mr. John Tait, info@orbec.ca.

Neither the 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.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance including in respect of the size and use of proceeds of the Offering, the timing and ability of the to close the Offering, including obtaining approval of the Offering from the TSX Venture Exchange, if at all (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264127

FAQ

What were the key voting results at Mines d'Or Orbec's (BLTMF) 2025 Annual General Meeting?

The meeting saw 33.57% shareholder participation, with directors receiving over 99.9% approval and the stock option plan receiving over 97% approval.

Who are the newly elected board members of Mines d'Or Orbec (BLTMF)?

The five elected directors are Chad Williams, John G. Tait, Kettina Cordero, David Christie, and Paolo Cattelan.

What was the shareholder participation rate at BLTMF's 2025 AGM?

32,700,824 shares were voted at the meeting, representing 33.57% of the company's issued and outstanding shares.

What was the approval rate for Mines d'Or Orbec's new stock option plan?

The new 10% rolling stock option plan received over 97% approval from shareholders (excluding insider-held shares).