Ms. Isabelle Proulx reports

STELMINE ANNOUNCES THE RESULTS OF ITS ANNUAL MEETING

Stelmine Canada Ltd. has released the results of the annual meeting of its shareholders held on zoom on this date. During the meeting, the candidates recommended by management, being Andre Proulx, Isabelle Proulx, Emmanuel Goulet, Julie Lemieux, Michel Boily and Normand Goulet, were elected as directors of the company. Brunet Roy Dube, CPA, SENCRL, was appointed as the company's independent auditor and the corporation's stock option plan was reapproved by the company's shareholders.

Stelmine is proud to welcome Emmanuel Goulet to its board of directors and is convinced he will play an active role in the direction of Stelmine. Emmanuel Goulet holds a bachelor of law and a master of business administration from the University of Sherbrooke, as well as a master of law from the University of Cambridge. Since 2009, Emmanuel Goulet has been a member of the Quebec Bar, and has served as a commercial lawyer with a prominent law firm, and as legal counsel and sales manager for a major oil company. Emmanuel Goulet is also the founder, the owner and the president of Equipements Halt Inc., a company that distributes urban furniture and cycling infrastructure products. Since 2014, he has been teaching the law of obligations at the Quebec Bar School. The society wishes to mention that there is no family relationship between Emmanuel Goulet and Normand Goulet.

At the same time, the company announces the departure of Jacinthe Baril from the board of directors. However, she will continue to accompany the company as a management consultant. The management wants to express his gratitude to Mrs. Levasseur for her involvement.

About Stelmine Canada Ltd.

Stelmine is a junior mining exploration company pioneering a new gold district (Caniapiscau) east of James Bay in the underexplored eastern part of the Opinaca metasedimentary basin where the geological context has similarities to the Eleonore mine. Stelmine has a 100-per-cent ownership of 1,782 claims or 939 square kilometres in this part of Northern Quebec, highlighted by the Courcy and Mercator projects.