MOSQUITO CONSOLIDATED GOLD MINES LIMITED
MSQ -TSX Venture Exchange
Tel: 604-689-7902 www.mosquitogold.com Fax: 604-689-7816
Mosquito Reports of Voting Results of AGM
Vancouver, December 16, 2011 – The following briefly describes the matters voted upon and the outcome of the votes at the annual general meeting of the shareholders of Mosquito Consolidated Gold Mines Limited (TSX Venture: MSQ, US OTC: MQCMF) (the “Company”) held on December 16, 2011 in Vancouver, British Columbia.
The following resolutions were passed by way of ordinary resolution, except as otherwise noted.
Number of Directors
The size of the board of directors of the Company was increased from 7 to 8.
Election of Directors
The eight nominees set forth in the management information circular of the Company dated November 14, 2011 were elected as directors of the Company for the ensuing year, to hold office until the next annual general meeting. The individuals are as follows:
- Brian McClay
- Paul Kessler
- William Jefferies
- Patrick Bronson
- Wayne Ash
- Matt Ball
- Merrill A. McPeak
- David Voyticky
Stock Option Plan
The Company approved the proposed amended stock option plan of the Company more particularly described in the management information circular of the Company dated November 14, 2011 and authorized the directors to make modifications thereto in accordance with said plan and the policies of the TSX Venture Exchange, by way of majority vote of the “disinterested” shareholders.
Stock Option Plan Issuance
The Company authorized the reservation of a number of shares for issuance under stock options granted to insiders exceeding 10% of the number of outstanding listed shares, and the grant to insiders, within a 12 month period, a number of options exceeding 10% of the number of issued shares, by way of majority vote of the “disinterested” shareholders.
Approval of Director’s Actions
The Company ratified and approved all lawful acts, contracts, proceedings, appointments and payments of money of and by the directors of the Company since the date of the Company’s last annual general meeting.
Appointment of Auditors
The Company has appointed Charlton Company, Chartered Accountants to act as auditors of the Company for the ensuing year and authorized the directors to fix their remuneration.
Subsequent to the meeting the following independent committees were appointed by the directors of the Company: Audit Committee; Compensation Committee; and Nomination and Governance Committee.
Mosquito Consolidated Gold Mines Limited
Per: “Brian M. McClay”
Brian M. McClay, Director
About Mosquito Consolidated Gold Mines
Founded in 1971 and headquartered in Vancouver, Canada, Mosquito Consolidated Gold Mines Limited (www.mosquitogold.com) is a mining exploration and development company with a diverse portfolio of highpotential precious and base metals projects, located in low-political-risk environments in North America and Australia. The Company’s primary focus is the development of its Idaho-based CUMO deposit, recognized as one of the largest molybdenum-copper porphyry deposits in the world, and its Nevada-based Pine Tree porphyry copper molybdenum-silver project.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.