VANCOUVER, British Columbia, Aug. 31, 2018 (GLOBE NEWSWIRE) -- Macarthur Minerals Limited (TSX-V: MMS) (the “Company” or “Macarthur Minerals”) is pleased to announce that all resolutions were passed at the Annual General Meeting of the Company held today in Brisbane, Australia.

Macarthur Minerals’ Executive Chairman, Cameron McCall commented that, “ Macarthur is pleased that all resolutions passed at today’s AGM and I take this opportunity to thank our shareholders for their support.  In 2018 we have been actively progressing the geological investigation of our gold, lithium and nickel projects which will add real value for our shareholders in the future.”

The results of the Annual General Meeting are set out in Appendix 1.

ABOUT MACARTHUR MINERALS LIMITED (TSX-V: MMS)

Macarthur Minerals Limited is an exploration company that is focused on identifying high grade gold, nickel, cobalt and lithium. Macarthur Minerals has significant gold, lithium, nickel, cobalt and iron ore exploration interests in Australia. Macarthur Minerals has three iron ore projects in Western Australia; the Ularring hematite project, the Moonshine magnetite project and the Treppo Grande iron ore project. In addition, Macarthur Minerals has significant lithium brine interests in the Railroad Valley, Nevada, USA.

On behalf of the Board of Directors,   MACARTHUR MINERALS LIMITED

“ Cameron McCall ” Cameron McCall, Chairman

Company Contact: Joe Phillips, CEO and Director jphillips@macarthurminerals.com Tel: +61 448899247 www.macarthurminerals.com

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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.

Caution Regarding Forward Looking Statements Certain of the statements made and information contained in this press release may constitute forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws. The forward-looking statements in this press release reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. With respect to forward-looking statements contained in this press release, assumptions have been made regarding, among other things, the timely receipt of required approvals, the reliability of information, including historical mineral resource or mineral reserve estimates, prepared and/or published by third parties that are referenced in this press release or was otherwise relied upon by the Company in preparing this press release. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct as actual results or developments may differ materially from those projected in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include fluctuations in exchange rates and certain commodity prices, uncertainties related to mineral title in the project, unforeseen technology changes that results in a reduction in iron ore demand or substitution by other metals or materials, the discovery of new large low cost deposits of iron ore, uncertainty in successfully returning the project into full operation, and the general level of global economic activity. Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. The forward-looking statements contained in this press release are made as of the date of this press release and except as may otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Appendix 1- Macarthur Minerals 2018 Annual General Meeting – Voting Results

  Number of proxy votes received Number of votes cast on a poll
Resolution For Against Abstain # Total* For Against Total
1 Election of Alan Joseph Phillips 44,098,300  15,501,196  263,400 59,599,496  46,897,923  15,501,196  62,399,119 
73.99% 26.01% - 100.00% 75.16% 24.84% 100.00%
2 Election of Earl Evans 44,172,700  6,152,392  9,537,804 50,325,092  Passed on a show of hands
87.77% 12.23% - 100.00%
3 Re-election of David Lenigas 41,639,816  18,101,580  121,500 59,741,396  44,439,439  18,101,580  62,541,019 
69.70% 30.30% - 100.00% 71.06% 28.94% 100.00%
4 Re-election of Alan Spence Phillips 43,820,817  15,685,579  356,500 59,506,396  46,620,440  15,685,579  62,306,019 
73.64% 26.36% - 100.00% 74.82% 25.18% 100.00%
5 Re-election of Cameron McCall 41,286,217  18,385,179  191,500 59,671,396  43,707,508  18,763,511  62,471,019 
69.19% 30.81% - 100.00% 69.96% 30.04% 100.00%
6 Appointment of Canadian Auditors 71,744,291  6,172,294    135,000 77,916,585  Passed on a show of hands
92.08% 7.92% - 100.00%
7 Approval of Fixed 20% Employee Share Compensation Plan and Consultant Share Compensation Plan 40,175,303  19,682,594  4,999 59,857,897  42,974,926  19,682,594  62,657,520 
67.12% 32.88% - 100.00% 68.59% 31.41% 100.00%
8 Increase Number of Common Shares that may be Issued to Insiders Under the Share Compensation Plans 33,486,824  19,718,484  6,657,578 53,205,308  36,285,447  19,718,484  56,003,931 
62.94% 37.06% - 100.00% 64.79% 35.21% 100.00%

* Percentage figures are based on total number of shares voted. # Abstains are not counted towards the total number of shares voted.

A poll was conducted for resolutions 1, 3, 4, 5, 7 and 8 as required under section 87(b) on the Ontario Securities Act.