The Requisitioning Shareholders of American CuMo Mining Corporation announce that they have called a special general meeting of the shareholders

VANCOUVER, May 23, 2014 /CNW/ - Feehan Partners, LP, Josip Stasic, PF Partners, LP, and Scott P. Peters (the "Requisitioning Shareholders"), representing in excess of 5% of the issued and outstanding shares of American CuMo Mining Corporation ("CuMoCo" or the "Company") (TSXV: MLY; OTCQX: MLYCF) announce that they have called a special meeting of shareholders pursuant to section 167 of the Business Corporations Act (British Columbia) to be held July 22, 2014 at 10 a.m. (Pacific time) at  1700 - 1185 West Georgia Street, Vancouver, British Columbia.

In April 2014, the Requisitioning Shareholders submitted a requisition for a shareholders meeting of the Company.  The directors of the Company have not, within 21 days after the date on which the requisition was received by the Company, sent notice of a general meeting to each shareholder and each director. Accordingly, the Notice of Meeting has been given by the Requisitioning Shareholders, on behalf of the Company, pursuant to Section 167(8) of the Business Corporations Act (British Columbia).

The special meeting of CuMoCo's shareholders is being called to consider the approval of special resolutions to remove Hongxue Fu and Yi Ming Xie as directors of the Company, or, should such special resolutions fail to pass, to consider the approval of an ordinary resolution to increase the number of directors of the Board of Directors to seven, and an ordinary resolution to appoint Thomas Conway to the Board.

The meeting is required as the board of CuMoCo is deadlocked and refused to appoint Thomas Conway, a fully experienced and professional mining executive with an extensive resume to the board (See short Bio below).  Mr Conway would be a valuable asset to the company and its CuMo Project. In addition the Requisitioning Shareholders are requesting the removal of two directors:  Hongxue Fu and Yi Ming Xie.  Mr. Xie, lives in China, has yet to attend a single board meeting and simply assigns his vote to Mr. Fu and takes no active role in the company. Mr. Fu has yet to deliver on promises of obtaining financing. In addition, he continually blocks the Company's progress and is a disruptive influence causing excessive expense to the Company, due to a lack of North American business experience and the fact he does not speak English.

Requisitioning Shareholders

Thomas Conway Bio

Mr. Conway holds a B.S.- Mining Engineering (University of Minnesota) and later attended Harvard Business School's Executive MBA program. He has significant expertise in permitting, feasibility and mining. A results-oriented executive, Mr. Conway has 20 years of diverse experience largely with Newmont Mining Corporation ("Newmont") in operations, general management, environmental affairs and risk management. His experience covers domestic and international assignments in open pit and underground operations where he has a record of successfully implementing plans to enhance operations through improved cost control and productivity innovations. His roles at Newmont included Vice President Risk Management, Vice President / General Manager Carlin Operations, Vice President / General Manager Minera Yanacocha.  Mr. Conway has managed, built and permitted large scale mining operations in North and South America.

SOURCE: Concerned Shareholders of American CuMo