American CuMo Mining Announces Virtual Annual Meeting of Shareholders, Files Proxy Circular

Vancouver, March 14, 2022 - American CuMo Mining Corp. (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") announces that its Annual General and Special meeting of the Shareholders (the "Meeting") will be held April 21, 2022 in a virtual-only format, and that its 2021 Notice of Annual Meeting, Management Information Circular and Form of Proxy are now available on SEDAR and on the Company's website at https://cumoco.com/investors/annual-special-general-meeting/.

REGISTRATION AND LOG IN PROCESS

Registered Shareholders and/or duly appointed proxy holders may participate in the Meeting via a live teleconference. Specifically, registered Shareholders and/or duly appointed proxy holders who have properly registered prior to the Meeting as outlined below will be able to ask questions of management via the conference call at the conclusion of the Meeting. All other Shareholders and stakeholders can attend the Meeting via teleconference without pre-registering as outlined below, but will not be permitted to ask questions at the Meeting.

Registered Shareholders and/or Proxyholders who wish to vote or ask questions during the call should pre-register through the following link to obtain their unique PIN and dial in numbers for the meeting:

https://services.choruscall.ca/DiamondPassRegistration/register?confirmationNumber=10018205&linkSecurityString=159bd3a170

After such registration has been completed, such registered Shareholders and/or duly appointed proxy holders will see on screen a unique PIN they have been assigned and dial-in phone numbers they will use to join the conference call. These details will also be sent to such registered Shareholders and/or duly appointed proxy holders by email in the form of a calendar booking. It is recommended that you attempt to connect at least ten minutes prior to the scheduled start time of the Meeting.

For all other Shareholders and stakeholders wishing to attend the Meeting by teleconference, but not ask questions, please dial the following toll free, or international toll number approximately five minutes prior to the commencement of the Meeting and ask the operator to join the Annual General Meeting of American CuMo Mining Corp.

Toll-free (Canada/U.S.): 1-800-319-4610, or

Toll (international): +1-604-638-5340.

(International dial in numbers and/or a CallMe link are also available if you wish.)

In order to be permitted to ask questions at the Meeting, registered Shareholders and/or duly appointed proxy holders must register, as described above, prior to the proxy cut-off at time at 10 A.M. on April 19, 2022. To ensure a smooth process, the Company is asking registered participants to log in by 9:45 a.m. (Vancouver time) on April 21, 2022. Registered shareholders and duly appointed proxyholders will be asked to identify themselves before the beginning of the Meeting.

You can also contact the Company at info@cumoco.com for more information.

Important Information for Voting at the Virtual Meeting

Shareholders of companies are either Registered or Non-Registered. REGISTERED SHAREHOLDERS ARE THOSE WHO HAVE THEIR NAMES, AND NOT THE NAMES OF THEIR BROKER OR OTHER INTERMEDIARY, ON A PHYSICAL SHARE CERTIFICATE OR DIRECT REGISTRATION SYSTEM (DRS) STATEMENT. This certificate or statement may be in your possession or lodged at your bank or brokerage firm.

ONLY REGISTERED SHAREHOLDERS (and their duly appointed proxyholders) WILL BE ABLE TO CAST OR MODIFY THEIR VOTE AT THE VIRTUAL MEETING.

Non-Registered Shareholders are those holders who have their share ownership through a broker, nominee or other intermediary. NON-REGISTERED SHAREHOLDERS ARE URGED TO VOTE AND SUBMIT PROXIES OR VOTING INSTRUCTION FORMS IN ADVANCE OF THE MEETING AS THEY WILL NOT HAVE THE ABILITY TO SPEAK OR CHANGE THEIR VOTES DURING THE MEETING.

Whether or not you plan to attend the Meeting, the Company urges both its Registered and Non-Registered Shareholders to vote and submit their proxies or voting instruction forms in advance of the Meeting by one of the methods described in the Company's 2021 Management Information Circular.

We recommend that Shareholders call in 10 minutes in advance of the Meeting start time of 10:00 a.m. PST on April 21, 2022 to allow ample time to check into the Meeting by telephone and to complete the registration and, if applicable, voting procedures. At the outset of the Meeting, all Registered Shareholders and duly appointed proxyholders will be prompted to speak with Company's transfer agent, Computershare Investor Services Inc., if they wish to cast a vote.

In order to be permitted to ask questions at the Meeting, registered Shareholders and/or duly appointed proxy holders must register via the link provided above prior to 9:00 a.m. (Vancouver Time) April 21, 2022.

Meeting Materials

The Meeting materials for the Company have been filed with Canadian securities regulators and have been distributed to Registered Shareholders and intermediaries for delivery to Non-Registered Shareholders. The documents may be accessed electronically by visiting the Company's profile on SEDAR at www.sedar.com or at the Company's website at https://cumoco.com/investors/annual-special-general-meeting/

About CuMoCo

CuMoCo is focused on advancing its CuMo Project towards feasibility. For more information, please visit Company website at cumoco.com.

For further information, please contact:
American CuMo Mining Corp.
Shaun Dykes, President and Chief Executive Officer
Tel: (604) 689-7902
Email: info@cumoco.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new release.

Cautionary statement regarding forward‐looking information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation including, but not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, such the Company's ability to move its CuMo Project to feasibility and production, and to become one of the largest and lowest-cost molybdenum producers in the world as well as a significant producer of copper and silver. Forward-looking information is based on a number of material factors and assumptions, including the result of exploration activities, the ability of the Company to raise the financing for a feasibility study and to put the CuMo project into production, that no labour shortages or delays are experienced, that plant and equipment function as specified that the Court will not intervene with the Company's proposed exploration activities at the CuMo Project, and the ability of the Company to obtain all requisite permits and licenses to advance the CuMo Project and eventually bring it into production. Forward-looking information involves known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future prediction, projection or forecast expressed or implied by the forward-looking information. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of molybdenum, silver and copper; possible variations in grade or recovery rates; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing, as well as those factors disclosed in the Company's publicly filed documents, including the Company's Management's Discussion and Analysis for the period ended December 31, 2021. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116591