Fortune Minerals Announces Results of Annual and Special Meeting of Shareholders

LONDON, Ontario--(BUSINESS WIRE)--Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) (www.fortuneminerals.com) reports that the nominees listed in the management information circular for the 2020 Annual and Special Meeting of shareholders held on June 23, 2020 (the “Meeting”) were elected as directors of Fortune. Detailed results of the vote based on proxies received are set out below:

Nominee	Votes For	% For	Votes Withheld	% Withheld
Carl Clouter	76,290,540	94.54%	4,405,647	5.46%
Robin E. Goad	76,270,538	94.52%	4,425,649	5.48%
Glen Koropchuk	76,840,490	95.22%	3,855,697	4.78%
John McVey	78,759,490	97.60%	1,936,697	2.40%
Mahendra Naik	78,153,790	96.85%	2,542,397	3.15%
David Ramsay	75,635,690	93.03%	5,060,497	6.27%
Edward Yurkowski	78,422,370	97.18%	2,273,817	2.82%

Shareholders also approved the appointment of Fortune’s auditors and the re-approval of the rolling stock option plan.

Due to Ontario government restrictions on the size of group gatherings to reduce the risk of spreading the Coronavirus, there was no corporate presentation provided at the Meeting. Shareholders wishing to speak with management can contact the Company through Troy Nazarewicz, Fortune’s Investor Relations Manager at [e-mail] .

About Fortune Minerals

Fortune is a Canadian mining company focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories. The Company has an option to purchase lands in Saskatchewan where it may build the hydrometallurgical plant to process NICO metal concentrates. Fortune also owns the Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life of the NICO Project mill.

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