Fieldex Exploration Inc. announces results of its annual and special meeting of shareholders

At the meeting, shareholders also approved a resolution ratifying and confirming Fieldex's stock option plan, as required under the policies of the TSX Venture Exchange, and a special resolution authorizing, if deemed advisable by the Board of Directors no later than June 22, 2017, an amendment to the Articles of Fieldex so as to consolidate the common shares of Fieldex on the basis of one share for a maximum of ten common shares then issued and outstanding.

Following the shareholders' meeting, the Board of Directors appointed Martin Dallaire as Chairman of the Board of Directors, President and Chief Executive Officer of Fieldex and Sylvain Champagne as Secretary and Chief Financial Officer of Fieldex.

Fieldex's Board of Directors has also granted stock options in respect of an aggregate of 1,700,000 common shares to Fieldex's four directors. The options were granted pursuant to Fieldex's amended stock option plan. The exercise price of the options is $0.05, which is greater than the closing price of Fieldex's common shares on the TSX Venture Exchange on Wednesday, June 22, 2016. The options expire in ten years. The option granted to the Fieldex's directors vested immediately.


About Fieldex:

Fieldex is a mineral resource company actively exploring in Québec for strategic groups of metals and industrial mineral deposits located in the province of Québec


Neither 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 the release.

SOURCE Fieldex Exploration Inc.



Contact

Martin Dallaire, eng, President & Chief Executive Officer
Tel.: (819) 762-0609
Fax: (819) 762-0097
mdallaire@fieldexexploration.com
www.fieldexexploration.com