Clifton Star shareholders re-elect management’s slate

2014-12-17 17:09 ET – News Release

Mr. Michel Bouchard reports

CLIFTON STAR RESOURCES REPORTS ON VOTING RESULTS FROM 2014 ANNUAL MEETING

Clifton Star Resources Inc. management’s slate of nominees (Michel Bouchard, Ross Glanville, Peter Gundy and Philip Nolan) have been re-elected at the company’s annual meeting of shareholders.

The total number of shares represented by shareholders present in person and by proxy at the annual meeting was 20,746,949, representing just over 53.66 per cent of the company’s issued and outstanding common shares. Of those who voted for directors, approximately 58.7 per cent of the shares were voted in favour of management’s nominees.

Harry Miller who had publicly proposed another slate of directors did not attend the annual meeting. It is clear that even if the company had been asked at the annual meeting to waive its advance notice bylaw, Mr. Miller’s nominees would not have been elected by shareholders.

“Shareholders should know that our board and management remain steadfast in their commitment to create long-term value for all,” said Mr. Glanville, chairman of the board. “We will continue to engage all shareholders in a responsive dialogue and look forward to discussing our plans to create value for all shareholders.”

Yves Harvey did not stand for re-election at this year’s annual meeting.

Mr. Bouchard, president and chief executive officer of the company, said, “We wish to thank Yves for his invaluable contribution over the last few years and wish him well for the future.”

Appointment of auditor

Deloitte sencrl, chartered professional accountants, was appointed to serve as the auditor of the company for the ensuing year with the directors of the company authorized to establish the auditor’s remuneration.

We seek Safe Harbor.

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