Portofino Announces AGM Results

Portofino Resources (TSXV: POR) held its Annual General Meeting on June 18, 2025, where shareholders approved all management resolutions outlined in the Management Proxy Circular.

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Portofino Resources (TSXV: POR) held its Annual General Meeting on June 18, 2025, where shareholders approved all management resolutions outlined in the Management Proxy Circular. Key approvals include setting the board size at four directors and electing David G. Tafel, Jeremy Wright, Stephen J. Wilkinson, and Brian Crawford to the Board of Directors. Additionally, shareholders approved the reappointment of Manning Elliott LLP as the company's auditor and ratified both the rolling Stock Option Plan and Equity Incentive Plan.

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Vancouver, British Columbia--(Newsfile Corp. - June 18, 2025) - PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POTA) ("Portofino" or the "Company") wishes to report that all management resolutions proposed in the Management Proxy Circular were approved by shareholders at its Annual General Meeting ("AGM") held Wednesday June 18, 2025, including:

1. The number of Directors for the Company was set at four.
2. The four members elected to the Board of Directors include: David G. Tafel, Jeremy Wright, Stephen J. Wilkinson and Brian Crawford.
3. Manning Elliott LLP, Chartered Accountants, was re-appointed as auditor of the Company for the ensuing year.
4. The Company's rolling Stock Option Plan and Equity Incentive Plan were approved.

About Portofino Resources Inc.

Portofino is focused on exploring and developing mineral resource projects in the Americas. Portofino holds a 100% interest in the (drill ready) Yergo Lithium Project in Catamarca, Argentina. The project is situated in the heart of the world-renowned Argentine Lithium Triangle and in close proximity to multiple world-class lithium projects.

The Company also holds a 100% interest in several gold exploration projects located within northwestern Ontario, Canada, including: the drill-ready, South of Otter, Red Lake gold project; the Melema West, Atikokan project; the Allison Lake North project and the Gold Creek, Thunder Bay project (optioned to Delta Resources Limited.)

ON BEHALF OF THE BOARD

"David G. Tafel"

Chief Executive Officer

For Further Information Contact:

David Tafel CEO, Director 
604-683-1991

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256068

FAQ

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What were the key results of Portofino Resources (PFFOF) 2025 AGM?

At Portofino's 2025 AGM, shareholders approved all management resolutions, including the election of four directors, reappointment of Manning Elliott LLP as auditor, and approval of the Stock Option and Equity Incentive Plans.

Who are the Board of Directors members elected at Portofino Resources 2025 AGM?

The four elected Board members are David G. Tafel, Jeremy Wright, Stephen J. Wilkinson, and Brian Crawford.

Did Portofino Resources shareholders approve the Stock Option Plan at the 2025 AGM?

Yes, shareholders approved both the rolling Stock Option Plan and Equity Incentive Plan at the 2025 AGM.

Who was appointed as Portofino Resources auditor for 2025?

Manning Elliott LLP, Chartered Accountants, was re-appointed as the company's auditor for the ensuing year.