Probe Gold Announces Results of Annual General Meeting and Retirement of Directors
TORONTO, June 13, 2023 - Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) ("Probe" or the "Company") announces the voting results for the Annual General Meeting of Shareholders (the "Meeting") held today, in Toronto.
Results of the Meeting
The Company is reporting the voting results of its Meeting held on Tuesday, June 13, 2023. The summary of the results as follows:
| Total Shares Voted: | 102,455,191 |
| Total Shares Issued and Outstanding: | 159,904,315 |
| Total Percentage of Shares Voted: | 64.07% |
Election of Directors
Based on the proxies received and the votes cast at the Meeting, each nominee director was elected to serve until the next annual meeting of shareholders. The following is a tabulation of the votes submitted:
| Name of Nominee | Vote For | % | Withhold | % |
| Jamie Sokalsky | 95,011,120 | 98.95% | 1,011,173 | 1.05% |
| David Palmer | 96,009,684 | 99.99% | 12,609 | 0.01% |
| Dennis H. Peterson | 88,501,033 | 92.17% | 7,521,260 | 7.83% |
| Renaud Adams | 95,793,024 | 99.76% | 229,269 | 0.24% |
| Jamie Horvat | 92,970,790 | 96.82% | 3,051,503 | 3.18% |
| Aleksandra Bukacheva | 95,630,463 | 99.59% | 391,830 | 0.41% |
Basil Haymann, Gord McCreary, and Marco Gagnon did not stand for re-election to the Board. After over a decade of service to the Board, Gord McCreary and Basil Haymann have decided to retire. Marco Gagnon has stepped down as a director, however, will remain actively involved as a senior executive on the management team of the Company.
Jamie Sokalsky, Chairman of Probe, states: "On behalf of myself and the other Directors, I would like to express our sincere thanks to Gord, Basil, and Marco for their years of service as directors and their valuable contributions to the success of the Company. Throughout their time on the Board, they have provided valuable insights and perspectives. We deeply appreciate the positive impact they have had on our organization, as well as their steadfast commitment to upholding our core values. The Company and shareholders have benefited greatly from their experience, knowledge, and skills."
Appointment of Auditors
Based on the proxies received and the votes cast at the Meeting, MNP LLP was appointed as the Company's auditor. The following is a tabulation of the votes submitted:
| Vote For | % | Withhold | % | |
| MNP LLP | 101,676,975 | 99.27% | 753,216 | 0.74% |
Please refer to the Company's Report of Voting Results filed on SEDAR at www.sedar.com for further details on the above matters.
About Probe Gold:
Probe Gold Inc. is a leading Canadian gold exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The Company is committed to discovering and developing high-quality gold projects, including its key asset the multimillion-ounce Novador Gold Project, Québec. The Company is well-funded and controls a strategic land package of approximately 1,500-square-kilometres of exploration ground within some of the most prolific gold belts in Québec. The Company was formed as a result of the $526M sale of Probe Mines Ltd. to Goldcorp.
On behalf of Probe Gold Inc.,
Dr. David Palmer,
President & Chief Executive Officer
For further information:
Please visit our website at www.probegold.com or contact:
Seema Sindwani
Vice-President of Investor Relations
info@probegold.com
+1.416.777.9467
Forward-Looking Statements
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the occurrence of a material adverse change, disaster, change of law, the failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies 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. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.