Radisson announces the results of its annual general meeting of

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ROUYN-NORANDA, Quebec, June 17, 2022 (GLOBE NEWSWIRE) — Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF): (“Radisson” or the “Corporation”) is pleased to announce the results of its Annual General Meeting of Shareholders (“AGM”) held in Rouyn-Noranda, Qc on June 16, 2022.

Shareholders voted in favor of all items on the agenda, including the election of each director nominee. A total of 68,399,366 votes were represented at the meeting, representing 24.82% of the Class A common shares issued on the record date. All votes were submitted by proxy with the following table of such votes:

Directors Tabulation of votes in
Favor submitted by
Proxy
Tabulation of votes
Retained presented by
Proxy
Denis Lachance 67,108,082 (99.07%) 627,647 (0.01%)
Denis Bois 67,732,582 (100.00%) 3,147 (0.02%)
Pierre-Beaudoin 67,679,332 (99.92%) 56,397 (0.01%)
Siri Genik 67,733,082 (100.00%) 2647 (0.01%)
Michael Gentile 67,733,153 (100.00%) 2575 (0.01%)
Raul Paul 66,422,332 (98.06%) 1,313,397 (0.01%)
Jeff Swinoga 67,733,082 (100.00%) 2647 (0.01%)

In addition, shareholders voted 99.95% in favor of renewing the mandate of Raymond Chabot Grant Thornton as Radisson’s independent auditor.

Stock option plan
Radisson also announces that its Board of Directors has approved an amendment to the Company’s stock option plan from 18,000,000 issuable stock options to 25,000,000 options to purchase shares, which represents less than 10% of the 275,956,266 shares outstanding. This change is subject to regulatory approval, including the TSX Venture Exchange. June 16e2022, the Board of Directors granted a total of 3,888,500 stock options to directors, officers, employees and a consultant of the Company. In accordance with the terms of the stock option plan, each option entitles its holder to purchase one Class A common share at a price of $0.13 until June 16, 2027. Following the granting of stock options and in accordance with the terms of the stock option plan, there are currently 16,619,426 stock options outstanding.

Radisson Mining Resources Inc.

Radisson is a gold exploration company focused on its 100% owned O’Brien project, located in the Bousquet-Cadillac mining camp along the famous Larder-Lake-Cadillac fault in Abitibi, Quebec. The Bousquet-Cadillac mining camp has produced over 21,000,000 ounces of gold over the past 100 years. The project hosts the former O’Brien mine, considered the highest gold producer in Quebec during its production (1,197,147 metric tonnes at 15.25 g/t Au for 587,121 ounces of gold from 1926 to 1957; Kenneth Williamson 3DGeo-Solution, July 2019).

For more information about Radisson, visit our website at www.radissonmining.com or contact:

On behalf of the Board of Directors

Raul Paul
President and CEO

For more information about Radisson, visit our website at www.radissonmining.com or contact:

Hubert Parent-Bouchard
Financial director
819-763-9969
[email protected]

Forward-looking statements

All statements, other than statements of historical facts, contained in this press release, including, but not limited to, those relating to the intended use of the proceeds of the Offering, the development of the O’Brien and, generally, the statement “About Radisson Mining Resources Inc.” paragraph which essentially describes the Company’s outlook, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws. , and are based on expectations, estimates and projections at the time of this press release. Forward-looking statements are necessarily based on a number of estimates and assumptions which, although considered reasonable by the Company at the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies may directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in the forward-looking statements and future events could differ materially from those anticipated in such statements. A description of the assumptions used to prepare this forward-looking information and a description of the risk factors that could cause actual results to differ materially from the forward-looking information can be found in Radisson’s disclosure documents on the SEDAR website at ‘address www.sedar.com.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions may not reflect not future experience. Forward-looking statements are provided for the purpose of providing information about management’s efforts to develop the O’Brien project and, more generally, its expectations and plans regarding the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause actual results to differ materially from beliefs, plans, objectives, expectations, anticipations, estimates , assumptions and expressed intentions. in such forward-looking statements. All forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with Canadian securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material differences between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

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