(TheNewswire)
VANCOUVER, BRITISH COLUMBIA / TheNewswire / August 10, 2018 – Nevada Clean Magnesium, Inc . (TSX-V:NVM;
Frankfurt-M1V; OTCQB:MLYFF) (the “Company”) today announced that all resolutions were passed by the requisite majority at its
annual general meeting held in Vancouver, British Columbia, on August 8 2018.
Shareholders voted in favour of all matters brought before them at the meeting, including the re-election of
Edward Lee, James Sever, Steve Thorlakson, Robert Brown, Jeff Wilson, Dennis Mee, Aaron Palumbo and Boris Chubukov to the Board of
Directors. In addition to the Board members being re-elected, Dale Matheson Carr-Hil
l Labonte LLP was re-appointed as auditors of the Company, and the Company’s stock option plan was approved by the
shareholders.
The Board of Directors have confirmed Edward Lee as the Company’s President & Chief Executive Officer, Aaron
Palumbo as Executive Vice-President, James Sever as Chief Operating Officer, Dennis Mee as Chief Financial Officer, and Lisa
Maxwell as Corporate Secretary. The Board also confirmed director appointments to the Audit, Compensation and Corporate Governance
Committees.
About Nevada Clean Magnesium, Inc.
Nevada Clean Magnesium is focused on becoming a major U.S. producer and distributor of primary, high grade, low
cost magnesium metal extracted from its 100% owned Tami-Mosi property located in North Central Nevada. Based on the Company’s
NI 43-101 Preliminary Economic Assessment Report published in September 2011 and amended in July 2014, the Tami-Mosi Project has an
inferred resource of 412 million tonnes with an average grade of 12.3% Mg for a contained metal content of 111 billion pounds of
magnesium using a 12% cut-off grade contained within a high purity dolomite block. For more information, please visit
www.nevadacmi.com .
The technical portion of this press release was prepared under the supervision and review of James Sever, P.
Eng., and COO for Nevada Clean Magnesium. Mr. Sever is a non-independent qualified person within the meaning of National Instrument
43-101 standards.
Forward-Looking Statement
Statements in this news release that are not historical facts are forward-looking statements that
are subject to risks and uncertainties. Forward ‐ looking statements in this
news release include that we can become a major U.S. producer and distributor of primary, high grade, low cost magnesium metal;
that we will be able to close on our agreements with BBT; and that we can develop a clean, commercially
viable, cost-effective process for the production of magnesium from dolomite, and the opportunity to commercialize and start
sales . Actual results may differ materially from those currently anticipated due to a number of factors,
including that the TSXV may not approve the agreement, the Company’s dolomite resource may not be mined because of technical,
regulatory, financing or other obstacles, the market price for magnesium may make our resources uneconomic, the Process may not be
able to be commercially developed, none of our processes may result in cost-effective magnesium production, we may not be able to
protect our intellectual property and keep out competition, we may not be able hire and retain skilled employees, no market for our
process may develop from other resource owners, and other general risks associated with being a mineral exploration and development
company. The Company undertakes no obligation to update forward ‐ looking
information except as required by law. The reader is cautioned not to place undue reliance on forward ‐ looking statements. These forward-looking statements are made as of the date of this news
release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To Reach Nevada Clean Magnesium Please Contact:
Edward Lee, CEO at (604) 210-9862
For additional information please visit our website at
http://www.nevadacmi.com
or view our profile at http://www.sedar.com .
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