Karnalyte announces results of annual and special shareholder meeting

CALGARY, June 20, 2013 /CNW/ - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX: KRN) confirms that all resolutions put to shareholders at Karnalyte's annual and special meeting of shareholders held on June 20, 2013 were duly passed.  A total of 19,494,978 common shares representing 70.94% of Karnalyte's issued and outstanding shares were voted in connection with the meeting.

All the nominees proposed as directors were duly elected as directors of Karnalyte by a majority of the votes represented at the meeting, as follows:

Nominee   For       %
             
Robin L. Phinney   19,123,992       98.5%
Ronald Love   16,316,926       84.0%
Bruce Townsend   16,124,666       83.0%
Paul Sharpe   19,203,270       98.9%
Ian Brown   16,113,986       82.9%
Mark Wayne   16,053,286       82.6%
Raymond C. Floyd   19,332,025       99.6%
Vishvesh D. Nanavaty   19,403,431       99.9%

About Karnalyte Resources Inc.

Karnalyte is engaged in the development of high quality agricultural and industrial potash and magnesium products. Karnalyte intends to develop and extract a carnallite - sylvite mineral deposit through a known solution mining process at competitive costs and with minimal environmental impacts. Using a staged approached to potash plant construction, the Corporation plans to operate a solution mining facility that will initially produce 625,000 tonnes of potash per year, increasing to 2.125 million tonnes of potash per year. Karnalyte owns a 100% interest in Subsurface Permit KP 360A and Subsurface Mineral Lease KLSA-010 located near Wynyard, Saskatchewan, comprising a total of 85,126 acres. 

SOURCE: Karnalyte Resources Inc.

For further information:

Robin Phinney, President & Chief Executive Officer
Ron Love, Executive Vice-President & Chief Financial Officer
Telephone: (403) 995-6560
E-mail: info@karnalyte.com
Website: www.karnalyte.com


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