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Klondex Announces AGM Voting Results
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Vancouver, British Columbia -- June 19, 2008 -- Klondex Mines Ltd.
(TSX: KDX) (the "Company" or "Klondex") today announced the results of
its Annual General Meeting ("AGM") held on June 13, 2008.
AGM -- Report of Voting Results
Pursuant to section 11.3 of Canadian National Instrument 51-102 --
Continuous Disclosure Obligations, the Company provides the following
report on the voting results of the matters considered at the AGM, the
particulars of which are set out in more detail in the Company's
Information Circular, dated May 2, 2008:
- Number of Directors: The shareholders approved setting the number of
directors of the Company at five (5).
- Election of Directors: William J. Solloway, Brendan Donohoe, Robert A.
Sibthorpe, John A. Pollock and Ronald Shorr were elected as directors of
the Company for the ensuing year.
- Appointment and Remuneration of Auditor: MacKay LLP were re-appointed
the auditor of the Company for the ensuing year and the directors were
authorized to fix their remuneration.
- Amended Stock Option Plan: An amended 15% "rolling" stock option plan
that replaces the Company's existing 10% "rolling" plan was approved to
facilitate the administration of the Company's stock options on a going
forward basis.
About Klondex Mines Ltd.
Klondex Mines (TSX:KDX) is a gold exploration company focused on the
development and expansion of its high-grade Fire Creek deposit in
Nevada, covering 10,708 acres of fee and lease land 100% owned by
Klondex. At Fire Creek, Klondex has a September 2006, NI 43-101
defined indicated Mineral Resource estimated at 1,636,555 tonnes
grading 19.88 grams per tonne (0.576 oz/tonne) containing 1,045,738 oz
of gold in two separate mineral zones. Klondex has filed for permits
to begin bulk sampling for metallurgical testing of up to 120,000 tons
of ore and anticipates receipt of these permits before the end of the
summer.
Fire Creek is located in the Battle Mountain-Eureka Trend in the
Northern Nevada Rift, in North Central Nevada, an area of prolific gold
production. Klondex currently has three drill rigs working to expand
its resource at Fire Creek. The Company was founded over thirty years
ago, and its property portfolio consists of four gold exploration
projects, all in Nevada. Eighty percent of Klondex' known resource is
on private land. For more information, please visit
www.klondexmines.com.
On behalf of Klondex Mines Ltd.
William J. Solloway
President
Contact:
Steven Hecht, David Collins
Jaffoni & Collins
KDX@jcir.com
(212) 835-8500
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Copyright (c) 2008 KLONDEX MINES LIMITED (KDX) All rights reserved.
For more information visit our website at http://www.klondexmines.com/
or send mailto:info@klondexmines.com
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