Energizer Resources Inc.
FRANKFURT : YE5
OTC Bulletin Board : ENZR
TSX VENTURE : EGZ

Energizer Resources Inc.

December 17, 2010 10:08 ET

Energizer Resources Announces Results of 2010 Special and Annual Meeting of Stockholders and Appointment of Officers

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2010) - Energizer Resources Inc. (formerly Uranium Star Corp.) (TSX VENTURE:EGZ)(OTCBB:ENZR)(FRANKFURT:YE5) ("Energizer" or the "Company") announces that the Special and Annual Meeting of its Stockholders was held in Toronto, Ontario, Canada on December 16, 2010.

At the meeting, holders of more than 97% of the outstanding common stock cast at the meeting voted to approve the election of the following persons to serve as directors of the Company. Each director will hold his or her office for a term expiring at the next annual meeting of stockholders or until his or her successor is duly elected and qualified:

  • J.A. Kirk McKinnon
  • Richard E. Schler
  • Julie A. Lee Harrs
  • John Sanderson
  • V. Peter Harder
  • Richard Quesnel
  • Quentin Yarie
  • Craig Scherba

Four other matters were submitted to the Company's stockholders for their approval. All were approved with a strong majority of the votes cast. The Company is pleased to announce the following voting results of each of the resolutions:

  • holders of over 92% of the common stock cast at the meeting voted to increase the authorized capital stock to 350,000,000;

  • holders of over 92% of the common stock cast at the meeting voted to approve and ratify an amendment to the Company's Amended and Restated 2006 Stock Option Plan to increase the number of options for common shares authorized to be issued to 22,000,000;

  • holders of over 93% of the common stock cast at the meeting voted to approve a change to the Company's Amended & Restated Bylaws, Article II – Meetings of Shareholders, Sections 2 and 3, reducing the required quorum for both Regular and Special General Meetings of Shareholders to ten percent of the shares outstanding;

  • holders of 96% of the common stock cast at the meeting voted to ratify the appointment of MSCM LLP, Chartered Accountants, as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2011.

Following the completion of the meeting, the board of directors of the Company approved the reappointment of the following executive officers:

  •  J.A. Kirk McKinnon, Chief Executive Officer and Chairman
  •  Julie A. Lee Harrs, President and Chief Operating Officer
  •  Richard E. Schler, Vice President and Chief Financial Officer
  •  Joseph Heng, Secretary

For more information, please visit our website at www.energizerresources.com

Safe Harbour Statement: The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release issued by the Company. This press release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.

Forward-looking statements include, receipt of regulatory approval, statements on the proposed use of proceeds; completion of financing on terms proposed; the ability to raise additional funds as required; the development potential and timetable of the Company's properties and minerals; the current and future price of minerals the Company explores; the estimated size of mineral deposits on the Company's properties; the realization of those mineral deposit estimates; the timing and amount of estimated future exploration, development and production; costs of future exploration, development and production activities; success of exploration activities; government regulatory matters; discussion of political and environmental risks.

Forward-looking statements are based on the opinions and estimates of management of the Company. Forward-looking statements are subject to known and unknown risks that may cause actual results to be materially different from stated opinions and estimates of management. Some of the Company's more material risks are: availability and timing of external financing; unexpected events and delays during exploration; receipt of government and stock exchange approvals; results of current exploration activities; future price of minerals; political risks in the locations of the Company's properties; appreciation/depreciation of foreign currencies relative to the United States Dollar (the Company's functional currency) and other risks inherent in the mining and exploration industry.

While Company's management has attempted to determine the factors that could cause actual results to differ materially from estimated results contained in forward-looking statements, there may be other factors that cause results not to be as anticipated. The Company provides no assurance that such forward-looking statements will prove accurate or not materially different than projected. Therefore readers of this and other press releases issued by the Company should not place unreasonable reliance on stated forward-looking statements.

This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Energizer Resources Inc.
    Brent Nykoliation
    Vice President of Business Development
    Toll Free: 800.818.5442 or 416.364.4911
    bnykoliation@energizerresources.com
    or
    Energizer Resources Inc.
    Julie Lee Harrs
    President and COO
    Toll Free: 800.818.5442 or 416.364.4911