Radisson Mining Resources Inc.

Radisson Mining Resources Inc.

July 04, 2012 08:00 ET

Radisson Mining Resources Summarizes Its June 29, 2012, Annual Meeting and Announces Grant of Options

ROUYN-NORANDA, QUEBEC--(Marketwire - July 4, 2012) - Radisson Mining Resources Inc. (Radisson or the Company) (TSX VENTURE:RDS) is pleased to announce the results of the annual meeting of shareholders held on June 29, 2012, in Rouyn-Noranda, Québec. With a high voter turnout (nearly 44%), the shareholders elected Jean-Marie Dupont, Michel David and Paul Cregheur to the Board of Directors for a two-year term. The other directors of the Company are Luc Simoneau and Donald Lacasse. The shareholders also reappointed chartered accountants SAMSON BÉLAIR/DELOITTE & TOUCHE s.e.n.c.r.l. as the Company's auditors and confirmed and ratified the Shareholder Protection Rights Plan. Nearly 90% of the recorded votes were cast in favour of Management's recommendations.

At the meeting, Management provided shareholders with an update on Radisson's project to access the Zone 36 resources on the O'Brien/Kewagama gold property via an underground ramp.

Grant of options

Radisson Mining Resources also announces the grant of incentive stock options to its five directors to purchase up to 500,000 Class A shares under the Company's Stock Option Plan. The options are exercisable at a price of $0.10 per share over a period of five years ending July 4, 2017.

Neither the TSX Venture Exchange or 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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