TIDMAEXG

RNS Number : 2800P

AEX Gold Inc

17 June 2022

("AEX" or the "Corporation")

Annual General and Special Meeting ('AGM') Results

TORONTO, ONTARIO - June 17, 2022 - AEX Gold Inc. (AIM: AEXG; TSXV: AEX), an independent mining company with an unrivalled land package of gold and strategic mineral assets covering an area of 7,615.85 km(2) in Southern Greenland, announces the results of voting at its AGM held on June 16, 2022.

Shareholders voted in favour of all items put forward at the AGM.

AGM Results

The following proxy votes for the AGM were received from shareholders:

 
 Motion            Description             Votes For    % Votes   Withheld    Against 
                                                          Cast 
 1        Re-elect Graham Stewart          38,270,434    95,83%   1,663,257          0 
         -------------------------------  -----------  --------  ----------  --------- 
 2        Re-elect Eldur Olafsson          39,893,970    99,90%      39,721          0 
         -------------------------------  -----------  --------  ----------  --------- 
 3        Re-elect Liane Kelly             39,853,970    99,80%      79,721          0 
         -------------------------------  -----------  --------  ----------  --------- 
 4        Re-elect Jaco Crouse             39,891,970    99,90%      41,721          0 
         -------------------------------  -----------  --------  ----------  --------- 
 5        Re-elect David Neuhauser         38,298,434    95,91%   1,635,257          0 
         -------------------------------  -----------  --------  ----------  --------- 
          Re-elect Sigurbjorn 
 6         Thorkelsson                     38,270,434    95,83%   1,633,257          0 
         -------------------------------  -----------  --------  ----------  --------- 
 7        Re-elect Line Frederiksen        38,230,434    95,73%   1,703,257          0 
         -------------------------------  -----------  --------  ----------  --------- 
 8        Re-elect Warwick Morley-Jepson   39,893,970    99,90%      39,721          0 
         -------------------------------  -----------  --------  ----------  --------- 
 9        Appointment of Auditors          40,617,020    99,87%      53,671          0 
         -------------------------------  -----------  --------  ----------  --------- 
 10       Stock option plan                36,269,884    90,85%           0  3,652,086 
         -------------------------------  -----------  --------  ----------  --------- 
          Restricted Share Unit 
 11        Plan                            38,269,884    95,86%           0  1,652,086 
         -------------------------------  -----------  --------  ----------  --------- 
 12       Change of Name                   40,628,970    99,93%           0     30,000 
         -------------------------------  -----------  --------  ----------  --------- 
 

Enquiries:

AEX Gold Inc.

Eldur Olafsson, Executive Director and CEO

+354 665 2003

eo@aexgold.com

Eddie Wyvill, Investor Relations

+44 (0)7713 126727

ew@aexgold.com

Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)

Callum Stewart

Simon Mensley

Ashton Clanfield

+44 (0) 20 7710 7600

Panmure Gordon (UK) Limited (Joint Broker)

John Prior

Hugh Rich

Dougie Mcleod

+44 (0) 20 7886 2500

SI Capital Limited (Joint Broker)

Nick Emerson

Charlie Stephenson

+44 (0) 1483 413500

Camarco (Financial PR)

Billy Clegg

Emily Hall

Charlie Dingwall

+44 (0) 20 3757 4980

For Company updates:

Follow @AexGold on Twitter

Follow AEX Gold Inc. on LinkedIn

Further Information:

About AEX

AEX's principal business objectives are the identification, acquisition, exploration and development of gold and strategic metal properties in Greenland. The Corporation's principal asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation license including the previously operating Nalunaq gold mine. The Corporation has a portfolio of gold and strategic metal assets covering 7,615.85km(2) , the largest mineral portfolio in Southern Greenland covering the two known gold belts in the region. AEX is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable securities legislation, which reflects the Corporation's current expectations regarding future events and the future growth of the Corporation's business. In this press release there is forward-looking information based on a number of assumptions and subject to a number of risks and uncertainties, many of which are beyond the Corporation's control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to the factors discussed under "Risk Factors" in the Final Prospectus available under the Corporation's profile on SEDAR at www.sedar.com. Any forward-looking information included in this press release is based only on information currently available to the Corporation and speaks only as of the date on which it is made. Except as required by applicable securities laws, the Corporation assumes no obligation to update or revise any forward-looking information to reflect new circumstances or events. No securities regulatory authority has either approved or disapproved of the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Inside Information

This announcement does not contain inside information.

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END

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June 17, 2022 05:05 ET (09:05 GMT)

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