Marengo Mining Limited

TSX : MRN
ASX : MGO
POMSoX : MGO


Marengo Mining Limited

December 07, 2012 01:09 ET

Marengo Shareholders Vote in Favour of Scheme

PERTH, WESTERN AUSTRALIA--(Marketwire - Dec. 7, 2012) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Marengo Mining Limited (TSX:MRN)(ASX:MGO)(POMSoX:MGO) ("Marengo" or "Company") yesterday held a court ordered meeting of its shareholders to vote on the resolution to approve a scheme of arrangement relating to the re-domicile of the Company to Canada.

Results of Scheme Meeting

The Scheme Meeting was held at 4.00pm AWST and attended by the holders of fully paid ordinary shares in the Company. A resolution to approve the members' scheme of arrangement was passed by the requisite statutory majorities.

Details of those majorities are as follows:

For Against Abstain % For
Holders Voting 399 24 30,172 94.33%
Votes Cast 484,693,062 713,433 4 99.85%

Proxies received were as follows:

For Against Proxy's Discretion* Abstain Total
Votes Cast 479,619,099 713,433 4,680,959 30,172 485,043,663

* Proxies at the Chairman's discretion were voted in favour (these votes have not been added to the "For" column)

Second Court Hearing

A hearing of the Federal Court to approve the scheme of arrangement will be held at 10.15am (AWST) on Tuesday, 18 December 2012. The scheme of arrangement will not be effective unless and until the approval of the Federal Court is obtained and a court order has been lodged with ASIC.

Yours faithfully

Mark Churchward, Company Secretary

www.marengomining.com

Please note that the Head Office of Marengo is located in Western Australia and is 13 hours ahead of Toronto time.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares within the United States. The ordinary shares have not been offered and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws. Accordingly, the ordinary shares may not be offered or sold in the United States or to U.S. persons (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is granted.

ABN: 57 099 496 474

YANDERA MINING COMPANY LIMITED (COMPANY NO. 1-53202)

MARENGO MINING (PNG) LIMITED (COMPANY NO. 1-76844)

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