Hinterland Spin-Out Arrangement With Stakeholder Gold Corp. Approved by Shareholders
Published : June 08, 2011
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VAL D'OR, QUEBEC--(Marketwire - June 8, 2011) -

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S. NEWS WIRE SERVICES

Hinterland Metals Inc. (News - Market indicators) ("Hinterland" or the "Company") is pleased to announce that the special resolution relating to the Arrangement agreement (the "Arrangement") with Stakeholder Gold Corp. ("Stakeholder"), a wholly-owned subsidiary of Hinterland, was approved at the Annual and Special Meeting of shareholders held in Montreal on June 7, 2011. Pursuant to the Arrangement, certain Yukon gold assets of Hinterland will be transferred to Stakeholder in consideration for the issuance of common shares of Stakeholder equal to 25% of the issued and outstanding common shares of Hinterland immediately prior to the closing of the transaction, for a total of approximately 20.7 million shares. As previously announced by Hinterland (see press release dated February 1, 2011), Hinterland will distribute 92.5% of the shares received from Stakeholder to its shareholders and keep 7.5% (for more information on the terms and conditions of Arrangement, see Hinterland's press release dated April 4, 2011 and the Plan of Arrangement attached to the Arrangement Agreement which has been filed at www.sedar.com).

The closing of the Arrangement is subject to number of remaining conditions, including (i) final approval of the Arrangement by the Superior Court of Québec (ii) final approval by the TSX Venture Exchange for listing of the shares of Stakeholder and the new common shares of Hinterland, (iv) the successful completion by Stakeholder of a private placement for minimum gross proceeds of $825,000, (v) the execution of a definitive agreement between Hinterland and Stakeholder for the transfer of the Yukon gold assets and (vi) other conditions customary to this type of transaction.

Other business transacted at the Annual and Special Meeting included: the re-election of Mark Fekete, Gregory Fekete, Vaughn MacLellan, Peter Thiersch and Fred Kiernicki and the election of Zachery Dingsdale as directors of the Company; the appointment of Raymond Chabot Grant Thornton as Auditors of the Company; and the approval of the Company's rolling stock option plan. Immediately following the meeting, Mark Fekete, Ingrid Martin and Gregory Fekete were re-appointed as the President and CEO, CFO, and Secretary respectively.

The Board of Directors welcomes Zachery Dingsdale as a new director. As Founder and Director of Tangent Management Corp., a financial management firm that provides financial consulting and management services to publicly listed companies, Mr. Dingsdale brings to the Company over 16 years experience in the equity markets. Mr. Dingsdale is currently President and CEO of Taku Gold Corp. (TSX VENTURE:TAK) and also sits as a director on the boards of Otish Energy Inc. (TSX VENTURE:OEI) and Tajiri Resources Corp. (TSX VENTURE:TAJ).

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Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential mineralization) are forward-looking statements; this includes the completion of the spin off. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, changes in world gold markets or markets for other commodities, the inability of the Company to complete the spin off on the terms and conditions disclosed above, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.

Shares Issued 82,606,570

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.

Hinterland Metals Inc.
Mark Fekete
Toll Free: 1-877-874-8182 Ext. 210
info@hinterlandmetals.com
www.hinterlandmetals.com

Hinterland Metals Inc.

EXPLORATION STAGE
CODE : HMI.V
ISIN : CA4334732043
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Hinterland Metals is a gold and cobalt exploration company based in Canada.

Hinterland Metals holds various exploration projects in Canada.

Its main exploration properties are KIPAWA & LULA REE, BALLARAT, LOCKOUT, EBAY PGE and TECK in Canada.

Hinterland Metals is listed in Canada and in United States of America. Its market capitalisation is CA$ 6.3 millions as of today (US$ 4.7 millions, € 4.1 millions).

Its stock quote reached its highest recent level on June 20, 2008 at CA$ 1.20, and its lowest recent point on March 15, 2019 at CA$ 0.01.

Hinterland Metals has 42 270 000 shares outstanding.

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Financings of Hinterland Metals Inc.
9/29/2009Closes Final Tranche of $622,430 Private Placement
9/3/2009Closes Second Tranche of Private Placement for $300,000
8/28/2009Closes First Tranche of Private Placement for $150,930
7/29/2009Arranging $720,000 Private Placement
11/26/2008Extends Expiry Date of Share Purchase Warrants
1/3/2006$ 220,000 private placement closed
12/30/2005$ 110,000 private placement closed
Option Grants of Hinterland Metals Inc.
9/15/2007Grants 825,000 Incentive Stock Options
Nominations of Hinterland Metals Inc.
5/24/2007Appoints Vaughn MacLellan as Director
Project news of Hinterland Metals Inc.
7/12/2016Hinterland to earn interest in Troilus Lithium Property surr...
9/14/2012(Teck)Options Teck-Kirkland Property in Ontario to Opawica
9/16/2009(Lockout)Drilling Lockout Gold Project, Quebec
4/29/2008(Ebay Pge)Drills Up to 1.46g/t PGE at Ebay Property, Quebec
4/15/2008Drilling Intersects 13.8g/t Au & 4.1g/t Ag Over 1..7m at Ran...
4/9/2008(Ebay Pge)Finds More Platinum & Palladium at Ebay Property, Quebec
2/21/2008(Ebay Pge)Continues to Hit Platinum & Palladium at Ebay Property, Queb...
2/14/2008(Ebay Pge)Hits Platinum & Palladium at Ebay Property, Quebec
12/11/2007(Plateau (dot-com))Starts Drilling at Plateau PGE Project, Quebec
Corporate news of Hinterland Metals Inc.
7/11/2016Hinterland adds claims to the Brexit Lithium Property in the...
6/23/2016Hinterland acquires lithium claims in Mountain Lake Belt, Qu...
5/17/2016Hinterland updates Tak Property in Dawson Mining District of...
5/16/2016Hinterland 2016 AGM Results and Extension of Warrants
3/30/2016Hinterland grants 2,400,000 options to officers and director...
12/8/2014Hinterland Completes Electromagnetic Survey on Guyberry Gold...
12/3/2014Hinterland Acquires 100% Interest in Mozart Gold-VMS Propert...
9/9/2014Hinterland Updates Quebec Exploration Activity
9/3/2014Hinterland Samples Up to 8.12 Grams Per Tonne Gold on McInty...
6/23/2014Hinterland Correction to Final Tranche of Private Placements
6/17/2014Hinterland Appoints Mr. John Langton to Board of Directors
6/13/2014Hinterland Closes Final Tranche of Private Placements
6/9/2014Hinterland Receives $40,000 Grant Under the New Brunswick Ju...
6/3/2014Hinterland Annual and Special Meeting Results
5/27/2014Hinterland Closes First Tranche of Private Placements
5/1/2014Hinterland Acquires Williams Brook Gold Property in New Brun...
4/24/2014Hinterland Acquires McIntyre Gold Property in New Brunswick
4/15/2014Hinterland Acquires Sakami Gold Claims in Quebec
4/9/2014Hinterland Acquires Lac Surprise Claims in Quebec
6/28/2013Annual and Special Meeting Results
2/21/2013Completes Airborne Geophysical Survey Over Mozart Gold Prope...
6/20/2011and Stakeholder Gold Corp. Complete Spin-out of Yukon Assets
6/8/2011Spin-Out Arrangement With Stakeholder Gold Corp. Approved by...
5/17/2011Begins Exploration Work at Kipawa Rare Earth Project in West...
4/4/2011Executes Arrangement Agreement with Stakeholder Gold Corp.
2/22/2011Stakes TM Property in White Gold Area of Yukon
3/15/2010Yahoo! Interview with Mr. Mark Fekete
3/16/2010Acquires Lac Fecteau in Windfall Lake Area, Quebec
2/18/2010Company update
7/15/2009Hinterland Mobilizes Exploration Crew to Ballarat Property
7/8/2009Vend Two White Gold District, Yukon Properties to Silver Que...
6/26/2009Stakes Additional Claims in White River Gold Play, Yukon
6/23/2009Options 1661ha Ballarat Property in White River Gold Play, Y...
6/10/2009closes $175,000 Financing
4/10/2008Discovers 1.8m of 1.12% Copper and 0.36% Nickel at Ebay Prop...
2/4/2008Industry Bulletin
12/12/2007starts drilling at Raney Gold Project, Ontario
12/5/2007closes $476,880 Financing
11/27/2007Stakes Entire Utik Lake Greenstone Belt, Manitoba
11/20/2007arranges $600,000 Financing
11/13/2007Sells Otish Basin Interest to Kakanda for 500,000 Shares
11/6/2007 to drill recently acquired Raney Gold Property,Ontario
10/22/2007Outlines 11.5km Uranium Anomaly at Hearne
10/11/2007Discovers 7.5g/t Gold at Hearne Project, Manitoba
9/4/2007Summer 2007 Exploration Update
8/1/2007 starts Hearne Uranium Exploration Program
6/11/2007Hires Downshire Capital Inc
5/8/2007closes $75,000 Financing
4/26/2007and Kakanda OtishU JV Airborne Survey
4/5/2007Doubles size of Hearne Uranium Project near Churchill, Manit...
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