Copper Mountain Mining Announces Results of Annual Meeting of Shareholders
VANCOUVER, Sept. 11, 2020 - 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 September 9, 2020. A total of 79,074,111 common shares were voted at the Meeting, representing 41.33% 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 | Vote For | % For | Votes Against | % Against |
| Set the number of directors at seven | 79,016,148 | 99.93% | 57,963 | 0.07% |
| Election of Directors | Vote For | % For | Votes Withheld | % Withheld |
| Bruce Aunger | 41,093,225 | 51.97% | 37,980,886 | 48.03% |
| Michele Buchignani | 73,737,324 | 93.25% | 5,336,787 | 6.75% |
| Gilmour Clausen | 75,442,198 | 95.41% | 3,631,913 | 4.59% |
| Al Cloke | 41,105,298 | 51.98% | 37,968,813 | 48.02% |
| Alistair Cowden | 74,148,726 | 93.77% | 4,925,385 | 6.23% |
| Carl Renzoni | 40,238,954 | 50.89% | 38,835,157 | 49.11% |
| William Washington | 75,634,606 | 95.65% | 3,439,505 | 4.35% |
The Company reports shareholders reappointed PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year and authorized the directors to fix their remuneration.
| Vote For | % For | Votes Against | % Against | |
| Appointment of PricewaterhouseCoopers LLP | 78,949,998 | 99.84% | 124,113 | 0.16% |
The Company's shareholders 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.
| Vote For | % For | Votes Against | % Against | |
| Approval of advisory vote on compensation | 36,630,039 | 46.32% | 42,444,072 | 53.68% |
As a result of the AGM voting results, the Board of Directors will accelerate the process of Board renewal that is already underway and actively communicate with shareholders regarding Board renewal and compensation disclosures.
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 approximately 120 million pounds of copper equivalent. Copper Mountain also has the development-stage Eva Copper Project in Queensland, Australia and an extensive 2,443 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.
President and 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.
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SOURCE Copper Mountain Mining Corp.
Contact
Letitia Wong, Vice President Corporate Development & Investor Relations, Telephone: 604-682-2992, Email: Letitia.Wong@CuMtn.com, Website: www.CuMtn.com
