QUÉBEC CITY, QUÉBEC--(Marketwired - Jan. 27, 2017) - Stelmine Canada Ltd.
(« Stelmine ») (TSX VENTURE:STH) today announced the results of the annual and special meeting of its shareholders held
in Montreal on this date (the "Meeting"). During the Meeting, the candidates recommended by management, being André Proulx,
Isabelle Proulx, Hugo Gagné and Christian Guilbaud, were elected as directors of the Company, Brunet Roy Dubé, chartered
accountants, were appointed as the Company's independent auditors, and the proposed modifications to the Stock Option Plan
("Stock Option Plan") were approved by the Company's shareholders.
After the Meeting, a total of 775,000 stock options were granted under the Stock Option Plan to the Company at an exercise
price of $0.30, being the closing price of the Company's shares on the TSX Venture Exchange the day preceding the grant. All
options vested on their date of grant and each option may be exercised during a period of five years following the date of grant.
This grant is subject to the final approval of the modifications of the Stock Option Plan by the TSX Venture Exchange.
About Stelmine
Stelmine is a restructuring junior Québec mining exploration company operating in Québec. Its capital stock consists of
17,953,884 issued and outstanding shares for a current market capitalization of $5.6 million.
Forward-looking statements
Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the
future economic performance of Stelmine and carry known and unknown risks, uncertainties and other factors that may appreciably
affect their results, economic performance or accomplishments when considered in light of the content or implications or
statements made by Stelmine. Actual events or results could be significantly different. Accordingly, investors should not place
undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.