Goldbank Mining Corporation (“Goldbank”)(TSX.V-GLB) is pleased to announce that at the Company’s 2016 annual general meeting held earlier today, Messrs. James Boyce, Luis Botto, Kevin Addie and Barry Brown were re-elected as directors. A total of 18,071,430 common shares were represented at the meeting, being 60.9% of the outstanding common shares as at the record date. Mr. Boyce is President and Chief Executive Officer of Goldbank.
Goldbank expects its 2016 exploration program on the Leota Gold Project in the Klondike Goldfields, Yukon Territory, Canada to conclude in about October 2016. Exploration and development will include further pitting, trenching, rock and soil sampling, prospecting and exploration drilling in selected portions of the property.
Goldbank’s claim for specific performance of the June 2010 Option Agreement against one of the two registered owners of one half of a portion of the Leota Gold Project continues in the Supreme Court of Yukon.
Goldbank Mining Corporation is a Canadian exploration company actively exploring for gold in the Klondike Goldfields near Dawson City, Yukon, Canada.
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GOLDBANK MINING CORPORATION
PER: “James Boyce” Suite 702 – 889 West Pender Street
Vancouver, BC CANADA V6C 3B2
JAMES BOYCE Telephone: 604.683.3288
President & CEO Toll Free: 1.888.880.2288
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.