Tethyan Resources Announces Results of General and Special Meeting

JERSEY, UK, May 23, 2018 /CNW/ - Tethyan Resources plc (TSXV: TETH) (the "Company" or "Tethyan") is pleased to announce that at the General and Special Meeting of shareholders, held on May 18, 2018 in London, United Kingdom, the shareholders of the Company approved all of the resolutions set out in the management information circular dated April 19, 2018 (the "Circular").  These resolutions included the approval of the Company's proposed acquisition of all of the issued and outstanding share capital of Taor D.O.O., as more particularly described in the Circular and in the Company's news releases dated February 14, 2018 and March 20, 2018 (the "Transaction").

Now that shareholder approval has been obtained, the Company is working towards closing the Transaction.  The closing of the Transaction remains subject to various conditions, including the completion by Tethyan of satisfactory due diligence and the approval of the Transaction by the TSX Venture Exchange.

About Tethyan

Tethyan Resources plc is a gold and base metal mineral exploration company incorporated in England & Wales. Tethyan is focused on the Tethyan Metallogenic Belt in Eastern Europe, mainly Serbia, where it is acquiring and exploring a portfolio of quality precious and base metals projects with known mineralisation and compelling drill targets. Tethyan emphasises responsible engagement with local communities and stakeholders, and is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety and environmental management. More information can be found on our website: www.tethyan-resources.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Tethyan Resources PLC

Tethyan Resources Contact: Tethyan Resources plc, [phone], Fabian Baker (CEO), [email protected]