Copper Mountain Mining Announces Results of Annual Meeting of Shareholders
VANCOUVER, June 13, 2019 - Copper Mountain Mining Corp. (TSX: CMMC | ASX:C6C) (the "Company" or "Copper Mountain") announces results of the Company's annual meeting of shareholders (the "Meeting") held on June 12, 2019. A total of 78,230,118 common shares were voted at the Meeting, representing 43.76% of the total issued and outstanding common shares of the Company.
The results for the items voted at the Meeting are as follows:
| Number of Directors | Votes For | % For | Votes Against | % Against |
| Set the number of directors at eight | 73,274,750 | 99.70% | 215,967 | 0.29% |
| Election of Directors | Votes For | % For | Votes Withheld | % Withheld |
| Bruce Aunger | 73,253,559 | 99.67% | 240,494 | 0.33% |
| Michele Buchignani | 73,223,784 | 99.63% | 270,269 | 0.37% |
| Gilmour Clausen | 72,551,267 | 98.72% | 942,786 | 1.28% |
| Al Cloke | 73,274,550 | 99.70% | 219,503 | 0.30% |
| Alistair Cowden | 73,258,284 | 99.68% | 235,750 | 0.32% |
| James O'Rourke | 51,288,398 | 69.79% | 22,205,655 | 30.21% |
| Carl Renzoni | 51,277,977 | 69.77% | 22,216,076 | 30.23% |
| William Washington | 73,243,154 | 99.66% | 250,899 | 0.34% |
The Company reports shareholders reappointed PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year and authorized the directors to fix their remuneration. The Company's shareholders voted in favour of the Company's April 2019 Restricted Share Unit Plan for executives of the Company, for the purpose of the issuance of common shares as was described in the management information circular.
| Votes For | % For | Votes Against | % Against | |
| Appointment of PricewaterhouseCoopers LLP | 77,846,133 | 99.57% | 335,653 | 0.00% |
| April 2019 RSU Plan for the purpose of the issuance of common shares |
54,836,372 |
74.61% |
18,657,681 |
25.39% |
The Company's shareholders voted against the Company's April 2019 Deferred Share Unit Plan ("DSU Plan") for the directors of the Company, which gave the Company the flexibility to satisfy the settlement of deferred share units ("DSUs") by issuing common shares or cash, as opposed to cash only. As a result of this vote, the Company's DSU Plan will only allow for DSUs to be satisfied in cash.
The Company's shareholders also voted against the Company's non-binding advisory vote on compensation ("Say on Pay"). Although Say on Pay is an advisory vote and the results are not binding upon the Board, the Board will take into account the results of the vote, together with shareholder feedback and best practices in compensation and governance.
| Votes For | % For | Votes Against | % Against | |
| April 2019 DSU Plan for the purpose of the issuance of common shares | 33,821,346 | 46.02% | 39,672,707 | 53.98% |
| Approval of advisory vote on compensation | 33,705,093 | 45.86% | 39,788,960 | 54.14% |
About Copper Mountain Mining Corporation
Copper Mountain's flagship asset is the 75% owned Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine currently produces approximately 90 million pounds of copper equivalent, with average annual production expected to increase to over 110 million pounds of copper equivalent in 2020. Copper Mountain also has the permitted, development-stage Eva Copper Project in Queensland, Australia and an extensive 4,000 km2 highly prospective land package in the Mount Isa area. Copper Mountain trades on the Toronto Stock Exchange under the symbol "CMMC" and Australian Stock Exchange under the symbol "C6C".
Additional information is available on the Company's web page at www.CuMtn.com.
On behalf of the Board of
Copper Mountain Mining Corp.
"Gil Clausen"
Gil Clausen, P.Eng.
Chief Executive Officer
Cautionary Note Regarding Forward-Looking Statements
This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include the successful exploration of the Company's properties in Canada and Australia, the reliability of the historical data referenced in this press release and risks set out in Copper Mountain's public documents, including in each management discussion and analysis, filed on SEDAR at www.sedar.com. Although Copper Mountain believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, Copper Mountain disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE Copper Mountain Mining Corp.
Contact
Letitia Wong, Vice President Corporate Development & Investor Relations, 604-682-2992 Email: letitia.wong@cumtn.com or Dan Gibbons, Investor Relations 604-682-2992 ext. 238 Email: Dan@CuMtn.com, Website: www.CuMtn.com
