Mukuba Announces Results of Shareholders' Meeting and Termination of Nyimba Project Agreement

TORONTO, June 28, 2012 /CNW/ - Mukuba Resources Limited ("Mukuba" or the "Company") (TSXV: MKU) is pleased to announce the results of its annual and special meeting of shareholders held earlier today. At the meeting, the Mukuba shareholders:

  • re-elected John Hawkrigg, Martin Horgan, Danny Keating and Michael Smyth to the board of directors;
  • re-appointed Ernst & Young LLP, Chartered Accountants, as auditor of Mukuba and authorized the board of directors to fix the auditor's remuneration; and
  • re-approved the Company's stock option plan.

The Company also announces that the Agreement for Mining Rights and Option to Purchase the Nyimba Project has been terminated in accordance with its terms.

Mr. Kelly Ehler, interim President and CEO of Mukuba, stated that "we are focused on developing our core assets which consist of the Northcore Project and the assets in the Democratic Republic of the Congo that are subject to the Benzu Resources joint venture agreement."

About the Company

Mukuba is a Canadian mining company focused on the exploration and development of certain African base metal assets alone and through a joint venture partner. These assets include a 100% interest in the Northcore Project, which is licensed for both copper and cobalt and encompasses approximately 2,274 square km of geologically prospective ground in the Central African Copperbelt region of Zambia. Mukuba is also a party to a joint venture with Benzu Resources Limited to explore and develop a copper and base metals project in the Democratic Republic of the Congo.

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

Forward-looking Information

Securities regulators encourage companies to disclose forward-looking information to help investors understand a company's future prospects. This press release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this press release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.

SOURCE Mukuba Resources Limited

For further information:

Kelly Ehler, interim President and CEO

TEL: +1 (416) 368 4013
FAX: +1 (416) 603 9200

Email: info@mukubaresources.com

Profil de l'entreprise

Mukuba Resources Limited

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