Montreal, Quebec--(Newsfile Corp. - August 26, 2025) - Kintavar Exploration Inc. (TSXV: KTR) (the "Corporation" or "Kintavar"), is pleased to announce the results of its Annual and Special Meeting (the "AGM").
All the resolutions that were presented at the AGM on August 25, 2025, were approved by the shareholders.
These included the:
- Receipt of the financial statements of the Corporation for the year ended December 31, 2024 and the auditor's report thereon;
- Fixing the number of directors at six (6) and the election of directors;
- Appointment of Raymond Chabot Grant Thornton S.E.N.C.R.L. as auditors of the Corporation for the ensuing year and authorization of the directors to fix their remuneration;
- Approval of the Corporation's Omnibus Equity Incentive Plan;
- Approval of the acquisition by the Corporation of the Roger property pursuant to the asset purchase agreement dated April 21, 2025 with XXIX Metal Corp. and Orecap Invest Corp. (the "Acquisition") and the creation of two new "Control Persons" under TSX Venture Exchange policies;
- Approval of the change of management of the Corporation to take effect upon completion of the Acquisition.
Board and Management Changes
At the AGM, the following directors were elected:
- Kiril Mugerman
- Maxime Lemieux
- Guy Le Bel
- Geneviève Ayotte
Following completion of the Acquisition, the following directors will join the board in replacement of Maxime Lemieux and Geneviève Ayotte:
- Charles Beaudry
- Stephen Stewart
- Ardem Keshishian
- James Sykes
Following completion of the Acquisition, expected in the coming days, Peter Cashin will be appointed Chief Executive Officer and Joel Friedman will assume the positions of Chief Financial Officer and Corporate Secretary, in accordance with the approval of the shareholders. More information on the upcoming activities will be presented after the closing.
Correction to August 5, 2025 Press Release
Furthermore, the Corporation wishes to issue a correction to its press release dated August 5, 2025, regarding the section entitled "Changes to the Management and Board of Directors."
In the biography of Mr. James Sykes, the statement that he "has been directly and indirectly involved with the discovery of over 500 M lbs. of U3O₈ in the Athabasca Basin" is not compliant with National Instrument 43-101 (Standards of Disclosure for Mineral Projects). This disclosure has been removed from all Corporation materials, including the Corporation's website.
Other than the correction noted above, all other information contained in the August 5, 2025 press release along with the August 6, 2025 press release remains accurate and unchanged.
About Kintavar Exploration & the Mitchi - Wabash Properties
Kintavar Exploration is a Canadian mineral exploration Corporation engaged in the acquisition, assessment, exploration and development of gold and base metal mineral properties. Its flagship project is the Mitchi - Wabash copper-silver district (approx. 34 000 hectares, 100% owned) located 100 km north of the town of Mont-Laurier and 15 km East of the town of Parent in Quebec. Both properties cover an area of more than 300 km2 accessible by a network of logging and gravel roads with access to hydro-electric power already on site, major regional roads including railroad and a spur. The properties are located in the north-western portion of the central metasedimentary belt of the Grenville geological province. The projects primarily focus on sediment-hosted stratiform copper type mineralization (SSC) but include Iron Oxide Copper Gold (IOCG) and skarn type targets. Osisko holds a 2% NSR on 27 claims of the southern portion of the Mitchi property, outside of the sedimentary basin. Kintavar also has exposure in the gold greenstones of Quebec by advancing the Anik Gold Project in a partnership with IAMGOLD.
For further information contact:
Kiril Mugerman, President and CEO
Tel: 514-223-1449 Ext. #3
Email: kmugerman@kintavar.com
Web: www.kintavar.com
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. THE SECURITIES OF THE COMPANY REFERRED TO IN THIS NEWS RELEASE HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT"), OR ANY STATE SECURITIES LAWS. ACCORDINGLY, THE SECURITIES OF THE COMPANY MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES UNLESS REGISTERED UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF ANY OFFER TO BUY ANY SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL.
Forward-Looking Statements:
This news release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of the Corporation, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" "target" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the closing of the Transaction, appointment of the new officers and directors, and information regarding the Rogers Project. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Corporation's control. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Corporation's management's discussion and analysis for the fiscal year ended December 31, 2024, which is available on SEDAR+ at www.sedarplus.ca; they could cause actual events or results to differ materially from those projected in any forward-looking statements. The Corporation does not intend, nor does the Corporation undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.
Neither 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264022
SOURCE: Kintavar Exploration Inc.
