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Toronto, Ontario--(Newsfile Corp. - June 30, 2022) - Cerrado Gold Inc. (TSXV: CERT) (OTCQX: CRDOF) ("Cerrado" or the "Company") is pleased to announce that at the Company's 2022 Annual General Meeting of Shareholders ("Meeting"), all matters presented to shareholders were approved including the election of two new members to the board of directors. The Meeting was held on June 30, 2022, in Toronto, Ontario. Details of the voting results are set out below.
Mark Brennan, CEO & Co Chairman, commented, "We are pleased to welcome Bob Sellars and Chris Jones to the Cerrado Board. Their collective corporate and capital market knowledge and experience are a strong addition to the Cerrado team and we look forward to their support as we continue to grow the Company. We would also like to thank Mr. Jon Gilligan and Ms. Petra Decher for their significant contributions to the Company and wish them well in their ongoing and future endeavors. We also thank Mr. Oscar Neto who has stepped down from the board but will continue to serve as advisor."
Robert (Bob) M. Sellars has 40 years experience in capital markets and financial services and has significant experience on investment industry committees within the IIROC. Mr. Sellars holds the position of Chief Financial Officer at Red Cloud Financial Services Inc. Previously, Mr. Sellars served as Chief Financial Officer & Executive Vice President for Dundee Corp. Mr. Sellars is a Chartered Professional Accountant (CPA), Chartered Accountant (CA), Chartered Financial Analyst (CFA) and received an MBA from the University of Windsor.
Christopher Jones is a Chartered Professional Accountant (CPA), Chartered Accountant (CA), Licensed Public Accountant (LPA), Chartered Financial Analyst (CFA) and Chartered Business Valuator (CBV). As the youngest Partner at Williams & Partners; Chartered Accountants, Mr. Jones advises on complex taxation strategies, growth strategies, cash flow management, financing strategies, wealth management, and succession planning. Mr. Jones advises several private equity firms on acquisition targets and appropriate due diligence requirements highlighting key risk areas and maximizing target potential while serving as an advisor to high-net worth clients and families.
Meeting Voting Results
A total of 36,950,323 common shares were voted at the Meeting, representing 48.16% of the votes attached to all outstanding common shares of the Company. All matters presented for shareholder approval at the Meeting were duly authorized and approved as follows.
Election of Directors
The shareholders elected each of the eight nominees listed in the Company's Management Proxy Circular. Details of the voting results are as follows:
| Name | Votes in Favour | % | Votes Withheld | % |
| Mark Brennan | 29,635,893 | 85.510% | 5,022,069 | 14.490% |
| Robert Campbell | 34,656,759 | 99.997% | 1,203 | 0.003% |
| Christopher Jones | 34,656,759 | 99.997% | 1,203 | 0.003% |
| Kurt Menchen | 34,656,759 | 99.997% | 1,203 | 0.003% |
| Elmer Prata Salomão | 34,656,759 | 99.997% | 1,203 | 0.003% |
| Jad Salomão | 34,656,759 | 99.997% | 1,203 | 0.003% |
| Robert Sellars | 34,656,759 | 99.997% | 1,203 | 0.003% |
| Stephen Shefsky | 34,656,759 | 99.997% | 1,203 | 0.003% |
Appointment of Auditor
KPMG LLP was appointed auditor of the Company and the directors of the Company were authorized to fix the auditor's remuneration. Details of the voting results are as follows:
| Total Votes | % of Votes Cast | |
| Votes in Favour | 36,949,120 | 99.997% |
| Votes Withheld | 1,203 | 0.003% |
| Total Votes Cast | 36,950,323 | 100% |
For further information please contact
Mark BrennanCEO and Co ChairmanTel: +1-647-796-0023[email protected]Nicholas Campbell, CFA Director, Corporate Development Tel.: +1-905-630-0148[email protected]
About Cerrado Gold
Cerrado Gold is a public gold producer and exploration company with gold production derived from its 100% owned Minera Don Nicolás mine in Santa Cruz province, Argentina. It also owns 100% of the assets of Minera Mariana in Santa Cruz province, Argentina. The company is also undertaking exploration and development at its 100% owned Monte Do Carmo project located in Tocantins, Brazil. For more information about Cerrado Gold please visit our website at: www.cerradogold.com.
Disclaimer
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