Mr. Paul Larkin reports

VELOCITY MINERALS ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

At Velocity Minerals Ltd.'s annual general meeting held on Dec. 21, 2016, shareholders approved the following items:

1. Election of directors: Each of Paul Larkin, Joseph Martin and Jonathan Younie, management's nominees, were re-elected as directors, and Jeffrey B. Lightfoot was elected as a new director. The company's board now comprises Messrs. Larkin (chief executive officer), Younie, Martin and Lightfoot.
2. Reappointment of auditor: De Visser Gray LLP, chartered professional accountant, was reappointed as auditor for the company for the ensuing year.
3. Audited financial statements for the fiscal year ended June 30, 2016: The company's audited financial statements for its most recently completed fiscal year were approved.
4. Stock option plan: The company's 10-per-cent rolling stock option plan was ratified and approved.