Vancouver, British Columbia--(Newsfile Corp. - December 19, 2016) - CDN Jade Mine Resources Inc. ("CJM" or the "Company") is
pleased to announce that it held its first annual general meeting of shareholders on December 5, 2016 (the "Meeting"). At the
Meeting, shareholders elected Shao Long Li, Charles Sze Pui Lee, Kirk Makepeace and David Johnson as directors to hold office for
the ensuing year. Please see the Company's website for more information about the individual directors (www.jademineresources.com). Shareholders voted to appoint Davidson & Company LLP as auditors
and to allow the Board of Directors to fix the auditors' remuneration. Shareholders also ratified the Company's stock option
plan.
Following the Meeting, the Board of Directors re-appointed Shao Long Li as President and CEO, and appointed Anthony Chan as CFO
of the Company. The Company appointed David Johnson as chair of its Audit Committee and Kirk Makepeace and Charles Lee were
appointed as members of the Audit Committee. The Board of Directors would like to thank its stakeholders for their ongoing
support.
About CDN Jade Mine Resources Inc.
CJM is engaged in the exploration, mining, sale and export of nephrite jade mined in British Columbia. An estimated three
quarters of the world's nephrite jade lies in British Columbia's mountains, and is primarily sought after by Asian buyers. Jade is
the toughest natural stone in the world and has a long history of being used for jewellery, carving and tool making, and the finest
nephrite jade is used as gemstones and transformed into artwork.
CJM has a mining lease agreement in place with Green Mountain Gemstones Inc., a private jade mining company, whereby the Company
has the exclusive right to mine the Ogden Mountain jade mine in British Columbia until December 31, 2020, with the option to renew
such mining lease for a further five years. The Company plans to seek further strategic partnerships to expand its operations in
the nephrite jade industry, including operating additional jade mines in Canada and elsewhere.
The senior management of CJM has extensive experience in the jade industry with expert knowledge of its history, geological
properties, deposit identification and mining processes, to expertise in the marketing, product development and export of jade. The
Company's management has expertise and strong connections to the industry both in BC and in Asia making them ideally suited to
advance BC's jade industry in China and Asia where the stone has been admired and revered for over 8000 years.
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CJM NR #2016-009
ON BEHALF OF THE BOARD OF DIRECTORS OF
CDN JADE MINE RESOURCES INC.
Shao Long Li
President & CEO
For Further Information, please contact:
Charles Lee
(604) 233-0753
CDN Jade Mine Resources Inc.
Suite 307 - 4940 No. 3 Road
Richmond, BC V6X 3A5
Canada
FORWARD-LOOKING INFORMATION: Certain statements contained in this release constitute forward-looking information. These
statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe",
"will", "projected", "estimated", "anticipates", and similar expressions and statements relating to matters that are not historical
facts are intended to identify forward-looking information and are based on the Company's current belief or
assumptions as to the outcome and timing of such future events. Forward-looking information in this news release does or may
include, but is not limited to, the Company's objectives, goals or future plans. Actual future results may differ materially. In
particular, this release contains forward-looking information relating to the business of the Company, the Mining
Lease and statements regarding exploration and mining plans. Factors that could cause actual results to
differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying
significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other
project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity
markets, inflation, delays in the development of projects and the other risks involved in the mineral exploration and
development industry. Specifically, mining and exploration is subject to numerous risks factors as
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.
CAUTIONARY DISCLAIMER STATEMENT: The Company is a reporting issuer and not listed on any stock exchange. No stock exchange
nor any regulation services provider accepts responsibility for the adequacy or accuracy of this release. No stock exchange,
securities commission or other regulatory authority has approved or disapproved the information contained
herein.
