RCCMF - Nippon Announces Voting Results of its Annual and Special Shareholders Meeting and Approval of the Sale of its Rocmec and Denain Projects

(TheNewswire)

Brossard (Quebec) – TheNewswire - October 28th, 2021, Nippon DragonResources Inc. (“Nippon”,“NDR” or the “Corporation”)(TSXV:NIP) , is please to announce that itsdisinterested shareholders voted in favour of a resolution approvingthe sale of Nippo n’s Rocmec and DenainProjects pursuant to a project acquisitionagreement dated August 30, 2021 between the Corporation, OrminexCanada Ltd and Orminex Limited. For more information on the sale ofNippo n’s Rocmec and DenainProjects , readers are invited to consultNippon’s news release dated September 1, 2021. Nippon is alsopleased to announce today that the nominees listed in the ManagementInformation Circular dated September 28, 2021 were elected asdirectors of Nippon, to hold office until the close of the next AnnualGeneral Meeting of the Corporation or until their successors areappointed.

Out of concern for the safety of Nippon’s employees,shareholders and other stakeholders in light of the COVID-19 pandemicand in accordance with current public health guidelines concerningin-person gatherings, the Meeting was held virtually.

Shareholders also adopted all other resolutionssubmitted for their approval, as disclosed in the ManagementInformation Circular dated September 28, 2021 including:

-        the appointment of PricewaterhouseCooperss.e.n.c.r.l., as the auditors of the Corporation to hold office untilthe close of the next Annual General Meeting of the Corporation;

-        a resolution ratifying the past actions ofthe directors and officers of the Corporation;

-        a resolution approving and confirming the2021 Stock Option Plan of the Corporation;

-        a special resolution approving the sale ofthe Rocmec Project and the Denain Project pursuant to a projectacquisition agreement dated August 30, 2021 between the Corporation,Orminex Canada Ltd and Orminex Limited;

-        a resolution ratifying, approving andconfirming the joint venture agreement entered into by the Corporationand Material Japan Inc. on March 15, 2019 and its amendment on August1, 2019 (together, the “Joint Venture”);

-        a resolution approving the termination ofthe Joint Venture and the potential creation of a new “controlperson”, as such term is defined by the TSX Venture Exchange as aresult of the proposed issuance to Material Japan Inc. of aconvertible debenture; and

-        a special resolution ratifying theamendment of the Corporation’s articles to change theCorporation’s name to “Or G.E.T.T. inc. / G.E.T.T. Gold Inc.” orsuch other name as may be selected by the directors of the Corporationin their discretion.

The complete voting results for each item of businessare as follows:

Election of Directors

Appointment of Auditors

Ratification of past actions

Stock Option Plan

Asset Sale Transaction

Joint-Venture Material Japan

Termination Joint-Venture MaterialJapan

Name Change

About Nippon

Nippon is active in the exploration and the developmentof gold resources in Quebec. The Corporation currently holds threegold properties, Rocmec 1 with resources recognized in accordance withNI43-101, Denain and Courville-Maruska properties. Nippon also has anexclusive license for the Thermal Fragmentation mining process.

The company’s growth strategy is based on:

• - The development of its golddeposits with the objective of producing revenue from itsoperations;

  - Increasing the value of its miningassets by prioritizing its exploration targets; and

  - The commercialisation andemployment of its thermal fragmentation technology.

For additional information:
John Stella, Investor relations                        (514) 718-7976 jstella@nippondragon.com
Jean-Yves Therien, Interim President & CEO(450) 510-4442 jytherien@nippondragon.com

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release. This press releaseincludes certain statements that may be deemed "forward-lookingstatements". All statements in this release, other thanstatements of historical facts, that address future explorationdrilling, exploration and production activities and events ordevelopments that the Corporation expects, are forward lookingstatements. Although the Corporation believes the expectationsexpressed in such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performanceand actual results or developments may differ materially from those inforward-looking statements. Factors that could cause actual results todiffer materially from those in forward looking statements includemarket prices, exploitation and exploration successes, continuedavailability of capital and financing, and general economic, market orbusiness conditions.

Ressources Nippon Dragon ResourcesInc. 7055 Taschereau Blvd., suite 500, Brossard (Québec) J4Z1A7

Tel: (450)510-4442 www.nippondragon.com

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