Spur Ventures Inc.
TSX VENTURE : SVU
OTCBB : SPVEF

Spur Ventures Inc.

May 22, 2013 16:44 ET

Spur Announces Adoption of Advance Notice Policy for Future Shareholder Meetings

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 22, 2013) - Spur Ventures Inc. ("Spur" or the "Company") (TSX VENTURE:SVU)(OTCBB:SPVEF) announces the approval and adoption by its Board of Directors of an advance notice policy (the "Policy").

The purpose of the Policy is to provide shareholders, directors and management of Spur with a clear framework for nominating directors of the Company. Spur is committed to: (i) facilitating an orderly and efficient process for the nomination of directors at its annual general and, when the need arises, special meetings of its shareholders; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information with respect to all director nominees; and (iii) allowing shareholders a reasonable time for deliberation and to register an informed vote for directors of the Company. The Policy is intended to further these objectives.

The Policy, among other things, includes a provision that requires advance notice to the Company in certain circumstances where nominations of persons for election to the Board of Directors are made by shareholders of the Company. The Policy fixes a deadline by which director nominations must be submitted to the Company prior to any annual or special meeting of shareholders and sets forth the information that must be included in the notice to the Company. No person will be eligible for election as a director of Spur unless nominated in accordance with the Policy.

In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 days and not more than 65 days prior to the date of the annual meeting; provided, however, that, in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement.

In the case of a special meeting of shareholders called in whole or part for the purpose of electing directors (whether or not called for other purposes), notice to the Company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.

The full text of the Policy is available under the Company's profile at www.sedar.com and on the Company's website (www.spur-ventures.com) or upon request by contacting the Company's Corporate Secretary at (604) 689-5564.

The Policy is in effect as at the date of this news release. Pursuant to the terms of the Policy, the Company will seek shareholder ratification of the Policy at its next annual general meeting of shareholders.

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

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