Mr. Glenn Mullan reports

VAL-D'OR MINING ANNOUNCES SHAREHOLDER MEETING RESULTS

Val-d'Or Mining Corp. has released the results of its annual general and special meeting of shareholders held in Val d'Or, Que., and by telephone conference on Sept. 8, 2023.

At the meeting, shareholders elected five directors, being Louis Doyle, Deborah Honig, Glenn J. Mullan, Lukas Shewchuk and Dr. C. Jens Zinke. Shareholders appointed McGovern Hurley LLP as Val-d'Or Mining's auditor for the ensuing year and reapproved the previously adopted 10-per-cent rolling stock option incentive plan.

In addition, the shareholders approved, by a simple majority of disinterested shareholders, the NSR purchase agreement with 2973090 Canada Inc. and Mr. Mullan. The approval of the shareholders excluded the votes attaching to common shares of Val-d'Or Mining owned 2973090 Canada Inc. and Mr. Mullan. Closing of the NSR purchase agreement is subject to receipt of final approval of the TSX Venture Exchange. Further details will be provided upon receipt of final approval.

Following the meeting, the board reconstituted its audit committee and its compensation and corporate governance committee. The board also appointed officers for the ensuing year as follows.

Chair, president and chief executive officer:  Mr. Mullan

Lead director:  Ms. Honig

Chief financial officer and corporate secretary:  Rico De Vega

Chief operating officer:  Dr. Zinke