Copper Mountain Mining Corporation Report on Voting Results for the 2015 Annual General Meeting of Shareholders

VANCOUVER, June 24, 2015 /CNW/ - As required by the Toronto Stock Exchange, the following sets forth the voting at the Annual and Special General Meeting of the Shareholders of  Copper Mountain Mining Corporation (TSX: CUM) (the "Company" or "Copper Mountain") held on June 18, 2015 in Vancouver, British Columbia on the election of directors.  A total of approximately 54,722,030 common shares (46.06% of the outstanding common shares) were represented in person or by proxy at the meeting.

The following seven nominees were elected as Directors of the Company, by ballot, to serve until the next annual meeting of the shareholders of the Company, or until the successors are elected or appointed, by the following votes:

Name of Nominee

Votes For

Percent

Votes Withheld

Percent

James O'Rourke

44,844,130

84.91

7,969,504

15.09

Rodney Shier

30,022,845

56.85

22,789,839

43.15

John Tapics

44,696,530

84.63

8,117,104

15.37

Marin Katusa

44,801,050

84.83

8,011,634

15.17

Carl Renzoni

29,736,321

56.30

23,077,313

43.70

Al Cloke

37,580,100

71.16

15,233,534

28.84

Bruce Aunger

44,351,969

83.98

9,461,665

16.02

PricewaterhouseCoopers LLP were re-appointed auditors of the Company with a 99.87% vote of approval.

In addition, there were six proposals put forward by a shareholder of which Proposal #3 (Claw back Proposal) was recommended for approval by management of the Company.  The following table provides the results of the voting by shareholders of the Company on the six proposals:  

Proposal Name

Votes For

Percent

Votes Against

Percent

#1 – Appoint Lead Director

34,710,547

65.72

18,103,087

34.28

#2 – Advisory Vote on Pay

42,580,193

80.62

10,233,441

19.38

#3 – Claw back Proposal

52,310,868

99.05

502,766

0.95

#4 – Disclosure Key Performance Metrics

29,010,731

54.93

23,802,903

45.07

#5 – Use of Key Performance Metrics

11,082,460

20.98

41,731,074

79.02

#6 – Dilution Restriction Proposal

18,929,605

35.84

33,884,029

64.16

Of the six proposals presented to the meeting, proposals #1 through #4 passed and proposal #5 and #6 were rejected.  Mr. O'Rourke commented that he is very pleased that the shareholders have spoken and the Board immediately appointed Mr. Bruce Aunger as the Company's Lead Director.  Mr. O'Rourke, then went on to further comment that the Company welcomes comments and dialogues with its shareholders, as the Company strives to maximize shareholder value. 

During the Annual General Meeting, Mr. O'Rourke presented the Company's updated investor presentation and announced the release of the Company's Annual Report which have both been posted to the Company's website.  Mr. O'Rourke also advised that the Company recently filed an updated National Instrument 43-101 report on Sedar which included a 10 year mine plan with an average copper equivalent grade of 0.43%. 

About Copper Mountain Mining Corporation:
Copper Mountain's flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Company has a strategic alliance with Mitsubishi Materials Corporation who owns 25% of the mine. The Copper Mountain mine commenced production in the summer of 2011 and has continued to improve its operations since startup.  The 18,000 acre site has a large resource of copper that remains open laterally and at depth. The mine has significant exploration potential that will need to be explored over the next few years to fully appreciate the properties full development potential.  Additional information is available on the Company's web site at www.CuMtn.com

On behalf of the Board of

COPPER MOUNTAIN MINING CORPORATION

"Rod Shier"

Rod Shier, CA
Chief Financial Officer

Website: www.CuMtn.com
Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statement.

SOURCE Copper Mountain Mining Corporation

For further information: Betty LeBlanc, BA, MBA, Investor Relations 604-682-2992 ext. 238 Email: Betty@cumtn.com; Rod Shier, Chief Financial Officer 604-682-2992 ext.222 Email: Rod@CuMtn.com

RELATED LINKS
http://www.CuMtn.com

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