Lakeside Minerals Inc.
TSX VENTURE : LAK

Lakeside Minerals Inc.

October 31, 2013 15:04 ET

Lakeside Minerals Inc. Announces Results from Annual General Meeting

TORONTO, ONTARIO--(Marketwired - Oct. 31, 2013) - Lakeside Minerals Inc. (TSX VENTURE:LAK) (the "Company") is pleased to announce results of the vote by shareholders at its annual general meeting held on October 30, 2013 in Toronto, Ontario.

Results of Annual General Meeting

Each of the director nominees proposed by management for election was elected to the Board of Directors: Peter Bilodeau was newly elected and Yannis Banks, Richard Cleath, Jeremy Goldman, and Andres Tinajero were re-elected to the Board of Directors. The Directors were approved with the following percentages:

Name of Nominee Percentage
Yannis Banks 86.40%
Richard Cleath 86.99%
Jeremy Goldman 86.40%
Andres Tinajero 86.99%
Peter Bilodeau 86.99%

At the meeting, shareholders also approved the following resolutions:

  • To set the number of directors to be elected to the Board of Directors at five
  • Re-appointment of Collins Barrow Toronto LLP as auditors for the ensuing year and authorizing the directors to fix their remuneration
  • Ratification, confirmation and approval of the Company's 10% rolling stock option plan
  • Approval for the Board to do a Share Consolidation as set out in the Management Information Circular as filed on SEDAR
  • Ratification and approval of the Debt Conversion
  • To consider, and if deemed advisable, pass a special resolution regarding the number of directors

Board Changes

Jean-Pierre Chauvin and Jean-François Pelland did not stand for re-election to the Board in order to pursue other business interests. The Company wishes to kindly thank Mr. Chauvin and Mr. Pelland for their contributions and dedicated services.

About Lakeside Minerals Inc.

Lakeside Minerals Inc. is engaged in acquiring, exploring, and developing mineral properties in Quebec.

The Company's Launay property is a major consolidated land package located in the heart of the Abitibi, 48 km northeast of Rouyn-Noranda. The Launay property straddles nearly 22 km of the Macamic deformation zone: a major deformation zone in the Abitibi subprovince located north of the Porcupine-Destor deformation zone. Claims cover a 17 km long trend of known gold occurrences, several of which display significant historical gold drill intersections. The property claims also cover a broad 6 km trend of gold in soil anomalies never tested by drilling. The Launay property displays excellent potential for discovery.

FORWARD-LOOKING STATEMENTS: Certain of the information contained in this news release may contain "forward-looking information". Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of Lakeside Minerals Inc. (the "Company"), or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. The Company does not intend, nor does the Company undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

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.

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