WINNIPEG, MB / ACCESSWIRE / June 29, 2022 / Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (NASDAQ:LITM) ('Snow Lake' or the 'Company'), today announced that it has been provided with a shareholder meeting requisition notice (the 'Requisition') dated June 8, 2022 from a number of registered shareholders holding, collectively as a group, approximately 5.4%of the issued and outstanding shares in the Company (the 'Kimelman Group'). The group includes individuals and entities associated with Avrohom Mordechai (Avi) Kimelman, of St Kilda East, Victoria, Australia, a former director of the Company and former CEO and Director of Quantum Resources, which later changed its name to Nova Minerals Limited (NVA on the ASX). The Requisition requests that the directors of the Company call a meeting of the shareholders of the Company for the purpose of (a) removing all of the directors of the Company; (b) fixing the number of directors at six for the ensuing year; and (c) electing six nominee directors of the Kimelman Group.

The Company has reviewed the Requisition with its professional advisors and announces today that its Board of Directors has called a special meeting of shareholders to be held in conjunction with its annual meeting of shareholders on or about the 15^th day of December, 2022 to consider the matters, among other business, raised by the Requisition. Shareholders will receive formal notice of the meeting and an information circular in sufficient time to consider all matters. In the meantime, there is currently no need for shareholders to take any action.

For more information, please contact:

[email protected]
[email protected]
www.SnowLakeLithium.com
Twitter: @SnowLakeLithium
LinkedIn: https://www.linkedin.com/company/snow-lake-resources

SOURCE: Snow Lake Resources Ltd.