Spruce Ridge Resources Announces Results of Annual General Meeting of Shareholders

Company also welcomes Michael Dehn to the Board of Directors

Puslinch, ON - wp=3148]Spruce Ridge Resources Ltd.[/wp] (TSXV: SHL) reports that the nominees listed in the management information circular for the 2018 Annual General Meeting of shareholders held on July 11, 2018 (the "Meeting") were elected as directors of Spruce Ridge. Detailed results of the vote for the election of directors are set out below:

Nominee            Votes For      % For   Votes Withheld   % Withheld
Marc Askenasi     33,409,600    100.00%                0       0.000%
Colin Bowdidge    33,309,600    99.701%          100,000       0.299%
Zoran Popovic     33,309,600    99.701%          100,000       0.299%
John Ryan         33,309,600    99.701%          100,000       0.299%
Michael Dehn      33,309,600    99.701%          100,000       0.299%

Other resolutions submitted by management to shareholders for consideration were approved as presented, including the re-approval of the Company’s Stock Option Plan and the approval to re-appoint S & W LLP, Chartered Professional Accountants, as auditors for the ensuring year, and authorized the Directors to fix their remuneration.


About Spruce Ridge Resources

Spruce Ridge holds a 100% interest in the Great Burnt Copper/Gold Property in Central Newfoundland which covers a series of copper ± gold rich VMS deposits. The Property is host to NI 43-101 compliant mineral resources, including Indicated Resources of 442,000 tonnes at 2.50% Cu (24.4 million lbs of contained Cu) plus Inferred Resources of 829,000 tonnes at 2.11% Cu (38.5 million lbs of contained Cu) at a 1.0% Cu cut-off at the Great Burnt Copper Deposit. The NI 43-101 and 43-101F1 Report prepared by P&E Mining Consultants Inc., is dated September 8, 2015 and is filed on SEDAR. Spruce Ridge optioned its Viking/Kramer gold properties in Western Newfoundland to Anaconda Mining Inc. Spruce Ridge also has a 50% joint venture with Americas Silver Corporation on property that contains tailings with low grade gold and silver from the Drumlummon Mine in Montana.



For further information please contact:

John Ryan, President and CEO
wp=3148]Spruce Ridge Resources Ltd.[/wp]
Phone: 519-822-5904
Email: spruceridgeresources@gmail.com


Source: Spruce Ridge Resources Limited (TSX Venture:SHL)