TORONTO, ONTARIO — (Marketwired) — 06/05/13 — Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX:GOLDF ) („Pele“ or the „Company“) is pleased to announce that shareholders of the Company have approved all matters voted on at the Company-s Annual and Special Meeting of Shareholders held on March 7, 2013 being, namely:
More specific details of the matters approved at the Meeting are set forth in a management information circular of the Company dated January 31, 2013 and posted on the System for Electronic Data Analysis and Retrieval (SEDAR) at .
About Pele
Pele Mountain Resources is focused on the sustainable development of its 100-percent owned Eco Ridge Mine Rare Earth and Uranium Project. Pele has completed a positive NI 43-101 Preliminary Economic Assessment for Eco Ridge that demonstrates its potential to become a profitable producer of rare earth oxides and uranium oxide. Eco Ridge is located in Elliot Lake, the former „uranium mining capital of the world“ and the only Canadian mining camp to have ever achieved commercial rare earth production. Elliot Lake was historically the major source of heavy rare earth production in North America. With well-understood geology and mineralogy, excellent regional infrastructure, and strong local support, Eco Ridge is an ideal location for the development of a safe, secure, and reliable long-term supply of uranium, critical rare earths and scandium. Pele-s shares are listed on the TSX Venture Exchange under the symbol „GEM“ and on the OTCQX under the symbol „GOLDF“.
Common Shares Outstanding: 153,151,246
Neither the 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.
Contacts: Pele Mountain Resources Inc. Al Shefsky President (800) 315-7353
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