Mr. Al Shefsky reports

PELE MOUNTAIN SHAREHOLDERS APPROVE ALL MATTERS PRESENTED AT THE ANNUAL AND SPECIAL MEETING OF THE SHAREHOLDERS

Pele Mountain Resources Inc. shareholders have approved all matters voted on at the company's annual and special meeting of shareholders held on March 5, 2015, being, namely:

1. Election of management's proposed slate of directors of the company;

2. Reappointment of Collins Barrow LLP, as the auditors of the company to hold such office until the close of the next annual meeting of shareholders;

3. Approving the company's stock option plan, reserving for grant options to acquire up to a maximum of 10 per cent of the issued and outstanding shares of the company calculated at the time of each stock option grant; and

4. Approving amendments to the company's bylaws to permit and facilitate the use by the corporation of the notice and access provisions developed by the Canadian Securities Administrators.

More specific details of the matters approved at the meeting are set forth in a management information circular of the company dated Jan. 20, 2015, and posted on the System for Electronic Data Analysis and Retrieval (SEDAR).

Pele also announced that prior to the shareholder meeting, the company and its president, Al Shefsky, entered into an agreement to amend Mr. Shefsky's employment agreement. In consideration of Mr. Shefsky's deferral of the payment of his salary since September, 2014, and his agreement to continue to defer his salary until the company raises sufficient additional funds, Pele has granted Mr. Shefsky an immediate retention bonus and a further incentive bonus based on the company's share performance to fully align the company's and Mr. Shefsky's respective interests. These new bonuses will only be paid out if and when the company has sufficient funds and working capital to do so. Mr. Shefsky's employment agreement was also extended for an additional three-year period and will now expire on Sept. 30, 2019.

We seek Safe Harbor.