Red Pine Exploration Inc. announces the results of

TORONTO, June 01, 2021 (GLOBE NEWSWIRE) – Red Pine Exploration Inc. (TSX-V: RPX) (the “Company”) is pleased to announce the results of its annual and special meeting of shareholders (the “Meeting” ) held on May 31, 2021, all resolutions having been approved by the required majority. During the Meeting, the shareholders:

  • elected Drew Anwyll, Andrew Baumen, Robert Dodds, Nils Engelstad, Paul Martin and Quentin Yarie as directors of the Company;
  • renewed MNP, LLP, Chartered Professional Accountants as auditors of the Company until the next annual meeting of shareholders and to authorize the directors to fix their remuneration;
  • approved a resolution authorizing the continued use of the Company’s stock option plan (the “Stock Option Plan”).

The Board of Directors has granted a total of 150,000 stock options to the directors and consultants of the Company under the Stock Option Plan. Each stock option may be exercised to acquire one common share of the Company at a price of $ 0.76 per share, vests over 36 months and expires on the fifth anniversary of the grant date. The grant of options is subject to the approval of the TSX Venture Exchange.

About Pin Rouge Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company’s common shares trade on the TSX Venture Exchange under the symbol “RPX”.

For more information about the Company, visit
Or contact: Quentin Yarie, President and CEO, (416) 364-7024, [email protected]
Ou Tara Asfour, Director of Investor Relations, (514) 833-1957 [email protected]

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.

This press release contains forward-looking statements. In some cases, you can identify forward-looking statements by words such as “may”, “should”, “expects”, “anticipates”, “anticipates”, “believes”, “believes”, “predicts”, “, Or“ continue ”or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements or those of our industry to differ materially from the results. , activity levels, performance or future achievements expressed. or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in the preparation of forward-looking information in this press release are reasonable, one should not place undue reliance on such information, which only applies as of the date of this press release. Press. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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