Oban Announces Results of Annual Meeting of Shareholders

TORONTO, ONTARIO--(Marketwired - June 25, 2015) - Oban Mining Corporation (TSX:OBM) (the "Company") is pleased to announce the results of its annual meeting of shareholders (the "Meeting") held on June 25, 2015.

A total of 64,088,102 common shares were represented at the Meeting and all matters presented for approval at the Meeting were duly authorized and approved, as follows:

1. election of all management nominees to the board of directors of the Company;
   
   
2. appointment of KPMG LLP as auditors of the Company for the ensuing year and authorization of the directors to fix their remuneration; and
   
   
3. approval of the stock option plan of the Company and all unallocated rights, options and other entitlements thereunder.
   
   

Detailed voting results regarding the election of directors are as follows:

Name		Shares Voted For		% Voted For		Shares Withheld		% Withheld
Jose Vizquerra Benavides		62,816,685		(100.0%)		Nil		(0.00%)
John Burzynski		62,816,685		(100.0%)		Nil		(0.00%)
Patrick Anderson		62,816,685		(100.0%)		Nil		(0.00%)
Keith McKay		62,816,685		(100.0%)		Nil		(0.00%)
Bernardo Calderon		62,806,048		(99.98%)		10,637		(0.02%)
Robert Wares		62,816,685		(100.0%)		Nil		(0.00%)

Further details on the above matters, including the report of voting results thereon, are set forth in the Company's Meeting materials accessible under the Company's issuer profile on SEDAR at www.sedar.com.

About Oban Mining Corporation

Oban Mining Corporation is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. The Company holds an option to acquire from Northstar Gold Corp. up to a 70% interest in the Miller Project in northern Ontario pursuant to an option agreement with Northstar Gold Corp. The Company also holds options with other third parties to acquire a 100% undivided interest in the Côté Property, the Golden Dawn Project, the Hunter Property and other properties in the vicinity. The Company has additionally acquired a 100% interest in the Roach Property in northern Ontario and has a 100% undivided interest in a large area of claims in the Urban Barry area of Quebec. The Company is well financed with over $10M in cash.

On June 9, 2015, the Company announced the entering into of binding letter agreements providing for the launching of supported share exchange take-over bids with each of with each of Eagle Hill Exploration Corporation, Ryan Gold Corp., Corona Gold Corporation and Temex Resources Corp. The Company has the option to revise the transaction structure for each bid and proceed by way of plan of arrangement should it conclude that is necessary or desirable. Completion of the transactions is subject to Toronto Stock Exchange approval. The combination of these five companies will create a leading Canadian focused gold exploration and development company.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. The information in this news release about the completion of the business combinations described herein, and other forward-looking information includes but is not limited to information concerning: the intentions, plans and future actions of the companies participating in the transactions described herein (collectively the "Participating Companies") and other information that is not historical facts.

Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.

This forward-looking information is based on reasonable assumptions and estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Participating Companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the completion of the transactions described herein; risks relating to property interests; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.