Cleghorn Minerals Gives Corporate Update Following AGM


  • 31 OCTOBER 2017

Val-d'Or, Québec – October 31, 2017 – Cleghorn Minerals Ltd. ("Cleghorn") announces results from its annual general shareholder meeting held on Friday, October 20, 2017.

At the meeting, shareholders re-elected incumbent directors Glenn J. Mullan (President, Chief Executive Officer and Corporate Secretary), Joseph Groia and Andrew T. Pepper, re-appointed incumbent auditor, Raymond Chabot Grant Thornton LLP, and gave annual approval to Cleghorn's 10% rolling stock option incentive plan as required by the policies of the TSX Venture Exchange.

Dr. C. Jens Zinke, who served as a director of Cleghorn since its incorporation in February 2010, did not stand for re-election as a director at the October 20th annual general meeting. Cleghorn's Board of Directors extends thanks to Dr. Zinke for his past contributions to Cleghorn during his term as a director.

Cleghorn's Board of Directors also announces that Isabelle Gauthier has been appointed as Chief Financial Officer, replacing Dr. Zinke who previously served as Cleghorn's Chief Financial Officer. Cleghorn's common shares now trade on the TSX Venture Exchange under symbol 'CZZ'.

About Cleghorn Minerals Ltd.:

Cleghorn is a junior mineral exploration company with a 100% interest in the Meech Lake - Matachewan Prospect, a property located in northeastern Ontario, subject to an aggregate 3.5% NSR. Cleghorn is continuing due diligence on several property opportunities, both in Canada and located in international jurisdictions, and will provide additional information should the examinations lead to favourable conclusions and affordable transactions.

For additional information, please contact:

Glenn J. Mullan, President & Chief Executive Officer

(819) 824-2808 – Head Office
(514) 835-8384 – Cell Phone

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 news release.

This news release contains certain statements that may be deemed “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Cleghorn believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Cleghorn’s management on the date the statements are made. Except as required by law, Cleghorn undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.