Copper Mountain Mining Corporation Report on Voting Results for the 2015 Annual General Meeting of Shareholders

by ahnationtalk on June 24, 2015351 Views

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Vancouver, British Columbia – June 24, 2015 – As required by the Toronto Stock Exchange, the following sets forth the voting at the Annual and Special General Meeting of the Shareholders of Copper Mountain Mining Corporation (TSX: CUM) (the “Company” or “Copper Mountain”) held on June 18, 2015 in Vancouver, British Columbia on the election of directors. A total of approximately 54,722,030 common shares (46.06% of the outstanding common shares) were represented in person or by proxy at the meeting.

The following seven nominees were elected as Directors of the Company, by ballot, to serve until the next annual meeting of the shareholders of the Company, or until the successors are elected or appointed, by the following votes:

Name of Nominee Votes For Percent Votes Withheld Percent
James O’Rourke 44,844,130 84.91 7,969,504 15.09
Rodney Shier 30,022,845 56.85 22,789,839 43.15
John Tapics 44,696,530 84.63 8,117,104 15.37
Marin Katusa 44,801,050 84.83 8,011,634 15.17
Carl Renzoni 29,736,321 56.30 23,077,313 43.70
Al Cloke 37,580,100 71.16 15,233,534 28.84
Bruce Aunger 44,351,969 83.98 9,461,665 16.02

PricewaterhouseCoopers LLP were re-appointed auditors of the Company with a 99.87% vote of approval.

In addition, there were six proposals put forward by a shareholder of which Proposal #3 (Claw back Proposal) was recommended for approval by management of the Company. The following table provides the results of the voting by shareholders of the Company on the six proposals:

Proposal Name Votes For Percent Votes Against Percent
#1 – Appoint Lead Director 34,710,547 65.72 18,103,087 34.28
#2 – Advisory Vote on Pay 42,580,193 80.62 10,233,441 19.38
#3 – Claw back Proposal 52,310,868 99.05 502,766 0.95
#4 – Disclosure Key Performance Metrics 29,010,731 54.93 23,802,903 45.07
#5 – Use of Key Performance Metrics 11,082,460 20.98 41,731,074 79.02
#6 – Dilution Restriction Proposal 18,929,605 35.84 33,884,029 64.16

Of the six proposals presented to the meeting, proposals #1 through #4 passed and proposal #5 and #6 were rejected. Mr. O’Rourke commented that he is very pleased that the shareholders have spoken and the Board immediately appointed Mr. Bruce Aunger as the Company’s Lead Director. Mr. O’Rourke, then went on to further comment that the Company welcomes comments and dialogues with its shareholders, as the Company strives to maximize shareholder value.

During the Annual General Meeting, Mr. O’Rourke presented the Company’s updated investor presentation and announced the release of the Company’s Annual Report which have both been posted to the Company’s website. Mr. O’Rourke also advised that the Company recently filed an updated National Instrument 43-101 report on Sedar which included a 10 year mine plan with an average copper equivalent grade of 0.43%.

About Copper Mountain Mining Corporation:

Copper Mountain’s flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Company has a strategic alliance with Mitsubishi Materials Corporation who owns 25% of the mine. The Copper Mountain mine commenced production in the summer of 2011 and has continued to improve its operations since startup. The 18,000 acre site has a large resource of copper that remains open laterally and at depth. The mine has significant exploration potential that will need to be explored over the next few years to fully appreciate the properties full development potential. Additional information is available on the Company’s web site at www.CuMtn.com.

On behalf of the Board of

COPPER MOUNTAIN MINING CORPORATION

“Rod Shier”

Rod Shier, CA

Chief Financial Officer

For further information, please contact:

Betty LeBlanc,BA, MBA, Investor Relations 604-682-2992 ext. 238 Email: Betty@cumtn.com

Rod Shier, Chief Financial Officer 604-682-2992 ext.222 Email: Rod@CuMtn.com

BC2

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