Gungnir Resources Inc: Announces AGM Results

Vancouver (FSCwire) - Gungnir Resources Inc. (GUG: TSX-V) (“Gungnir” or the “Company”) shareholders approved all the resolutions put before them at the Company’s Annual General Meeting (the “AGM”) held on July 8, 2015 in Vancouver, BC.

At the AGM, shareholders voted in favour of resolutions to:

1. Set the number of Directors at four (99.89%);

2. Re-elect Jari Paakki, Chris Robbins, Todd Keast, and Blair Zaritsky as Directors for the ensuing year (> 95.56%);

3. Authorize the Directors to appoint the Company’s auditors for the ensuing year and to authorize the Directors to fix the auditor’s remuneration (99.99%); and

4. Re-approve the Company’s Stock Option 10% rolling plan (87.01%).

Following the AGM, the Board of Directors re-appointed Mr. Jari Paakki as CEO and Mr. Chris Robbins as CFO of the Company. The Company granted 850,000 incentive stock options to purchase common shares of the Company at $0.05 per share for five (5) years to directors, officers and consultants of the Company. The grants are subject to acceptance by the TSX Venture Exchange.

The Board of Directors would like to thank the shareholders for their ongoing support.


About Gungnir Resources:

Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (GUG: TSX-V) with gold and base metal claim holdings in northern Sweden. The Company also holds a $5,000,000 royalty stream with five annual advance cash payments of $1,000,000 commencing in 2017. Further information about the Company and its properties may be found at www.gungnirresources.com or at www.sedar.com.


On behalf of the Board,

Jari Paakki
CEO and Director



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: Certain statements made herein may contain forward-looking statements or information within the meaning of Canadian securities laws. Such forward-looking statements or information include, but are not limited to, statements or information with respect to Gungnir Resources’ plan for future exploration and development of its properties. Forward-looking statements or information are based on a number of estimates and assumptions and are subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking statements or information. Should one or more of these risks and uncertainties materialize, or should underlying estimates and assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. For example, there is no certainty, that any economically viable mineral deposit will be located on the properties, or that the Company will be able to raise sufficient capital to complete all of its exploration programs. Accordingly, undue reliance should not be placed on forward-looking statements or information. Gungnir does not expect to update forward-looking statements or information continually as conditions change, except as may be required by securities law.