VISIBLE GOLD MINES ANNOUNCES RESULTS OF ITS ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

ROUYN-NORANDA, QC, Feb. 26, 2024 /CNW/ - Visible Gold Mines Inc. (TSXV: VGD) (Frankfurt: 3V41) announces the voting results of its annual and special meeting of shareholders held on February 22, 2024 (the "Meeting"). At the Meeting, the shareholders elected Martin Dallaire, Sylvain Champagne, Pierre Vézina and Joel Gagné as directors of the Corporation. Following the Meeting, the Board of Directors of the Corporation re-appointed Martin Dallaire as President and Chief Executive Officer of the Corporation, Sylvain Champagne as Secretary and Chief Financial Officer of the Corporation. 

In addition, shareholders also approved resolutions ratifying and confirming the Corporation's stock option plan and re‑appointing Raymond Chabot Grant Thornton LLP, Chartered Professional Accountants, as the auditor of the Corporation. The resolution ratifying and confirming the Corporation's stock option plan was approved by a majority of the disinterested shareholders of the Corporation.

The Board of Directors has granted today stock options in respect of 450,000 common shares to directors and officers of the Corporation. The options were granted pursuant to the Corporation's Stock Option Plan. The exercise price of the options is $0.10, which is higher to the closing price of the Corporation's common shares on the TSX Venture Exchange on Thursday February 22, 2024. The options will expire on February 23, 2034 and vested immediately.

About Visible Gold Mines

Visible Gold Mines is a corporation focused on gold in the prolific Abitibi Gold Belt and lithium in the James Bay region in the province of Québec. Visible Gold Mines has 35,155,164 common shares issued and outstanding.

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 the release.

SOURCE Visible Gold Mines Inc.

Martin Dallaire, President and Chief Executive Officer, Telephone: [phone], Fax: [phone], Cell : 819-763-6663, E-mail: [email protected], Website: www.visiblegoldmines.com