VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 26, 2016) - Newmarket Gold Inc. ("Newmarket" or the
"Company") (TSX:NMI)(OTCQX:NMKTF) is pleased to announce the voting results on the items of business considered at its Annual
General Meeting of Shareholders held on May 25, 2016. The nominees listed in the Management Information Circular dated April 7,
2016 were elected as directors of Newmarket at the meeting. Detailed results of the votes are set out below:
Election of Directors
Nominee |
Outcome of Votes |
Votes For |
% For |
Votes Withheld |
|
% Withheld |
Raymond Threlkeld |
Carried |
111,339,138 |
99.87 |
143,465 |
|
0.13 |
Douglas B. Forster |
Carried |
111,115,653 |
99.67 |
366,950 |
|
0.33 |
Blayne Johnson |
Carried |
111,115,677 |
99.67 |
366,926 |
|
0.33 |
Lukas Lundin |
Carried |
111,137,566 |
99.69 |
345,037 |
|
0.31 |
Randall Oliphant |
Carried |
111,298,137 |
99.83 |
184,466 |
|
0.17 |
Edward Farrauto |
Carried |
110,465,138 |
99.09 |
1,017,465 |
|
0.91 |
Michael Vint |
Carried |
111,333,983 |
99.87 |
148,620 |
|
0.13 |
Appointment of Auditors
The vote was carried for the Appointment of Auditors (PricewaterhouseCoopers LLP) by a show of hands at the meeting.
Full details of all proposals are described in the Company's Management Information Circular available on the Company's
website at www.newmarketgoldinc.com and on SEDAR at www.sedar.com
ON BEHALF OF THE BOARD
Douglas Forster, M.Sc., P.Geo., President & Chief Executive Officer
To learn more about Newmarket visit our website at www.newmarketgoldinc.com
About Newmarket Gold Inc.
Newmarket is a Canadian-listed gold mining and exploration company with three 100% owned operating mines across Australia. The
Company is focused on creating substantial shareholder value by maintaining a strong foundation of quality gold production, over
200,000 ounces annually, generating free cash flow and maintaining a large resource base as it executes a clearly defined gold
asset consolidation strategy. The Company is focused on sustainable operating performance, a disciplined approach to growth, and
building gold reserves and resources while maintaining the high standards that the Newmarket core values represent.
Cautionary Note Regarding Forward Looking Information
Certain information set forth in this news release contains "forward-looking statements", and "forward-looking information"
under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes
forward-looking statements, which include, but are not limited to, the Company's expectations about its business and operations;
disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic
conditions and courses of action; future gold prices; operating and capital costs; the timing and costs of future development and
exploration activities on the Company's properties; success of development and exploration activities; time lines for technical
reports and further studies; planned exploration and development of properties and the results thereof; and planned expenditures
and budgets and the execution thereof. Such forward-looking statements are based on the Company's current internal
expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking
statements may be identified by words such as "will", "expects", "anticipates", "believes", "projects", "plans", and similar
expressions.
These statements are not guarantees of future performance or outcomes and undue reliance should not be placed on them.
Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they
are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking
statements or forward-looking information. Such risks and other factors include, among others, risks related to permitting,
operating cost overruns, and capital cost overruns; risks related to a sustained and significant reduction in gold prices; risks
that the metallurgical performance of different process feeds are not as anticipated; risks related to the availability of
financing on commercially reasonable terms and the expected use of proceeds; operations and contractual obligations; changes in
development and exploration programs based upon results of exploration; availability of third party contractors; availability of
equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and
other risks associated with the mineral exploration industry; environmental risks, including environmental matters under
Australian laws and regulations; impact of environmental remediation requirements and the terms of existing and potential consent
decrees on the Company's planned development and exploration on the Maud Creek Project; certainty of mineral title; community
relations; delays in obtaining governmental approvals or financing; the nature of mineral development, exploration and mining and
the uncertain commercial viability of certain mineral deposits; governmental regulations and the ability to obtain necessary
licenses and permits; risks related to mineral properties being subject to prior unregistered agreements, transfers or claims and
other defects in title; currency fluctuations; changes in environmental laws and regulations and changes in the application of
standards pursuant to existing laws and regulations which may increase costs of doing business and restrict operations; risks
related to dependence on key personnel; and estimates used in financial statements proving to be incorrect; as well as those
factors discussed in the Company's public disclosure record and annual information form for the year ended December 31, 2015
which is available on SEDAR at www.sedar.com.
Although management of the Company has attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking statements or forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements 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 statements and forward-looking information. The Company does not
undertake to update any forward-looking statements or forward-looking information that are included in this news release or
incorporated by reference herein, except in accordance with applicable securities laws.