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Gold Line Resources Announces AGM Results and New Directors

Gold Line Resources Announces AGM Results and New Directors

Vancouver, British Columbia, Canada, December 28, 2022, Gold Line Resources Ltd. (TSX-V:  GLDL) (OTCQB: TLLZF) (“Gold Line” or the “Company”) is pleased to announce the results of its  annual general meeting of shareholders held on December 23, 2022. The Company elected five  directors to its board, re-electing Toby Pierce and Adam Cegielski and three new directors, namely, Greg McCunn, Benjamin Gelber and Robert Leckie.

Mr Greg McCunn is a senior mining executive with broad experience as a board member of  publicly traded companies listed on both the TSX and NYSE. He has thirty years of experience in  the mining industry including over thirteen years in CFO and CEO roles. In the past he has held  management positions in finance, operations, corporate development and research and  development. He has raised over $600 million in equity/debt from the Canadian and US capital  markets and completed over $1 billion in merger and acquisition transactions for various junior  mining companies in both precious and base metals.

Mr. Benjamin Gelber, VP Exploration is a professional geologist with over 17 years industry  experience specializing in orogenic gold systems, garnering a deep understanding of geological  and structural controls on mineralization in orogenic systems at all scales, including developing  and managing large and complex district to camp scale exploration programs. He was previously  with Barrick Gold Corporation as Exploration Manager, Guyana. Prior to Barrick, Benjamin held  the positions of Generative Exploration Manager, and Group Geology Manager with Asanko Gold  Inc., now named Galiano Gold Inc.

Mr. Robert Leckie is currently a Vice President of Dundee Corporation and CEO of Agrimarine  Holdings. He has 15+ years of experience in the capital markets and has previously been a Vice  President at Dundee Resources where he was responsible for identifying, developing, and  overseeing investment opportunities. He was also a Co-Managing Director of Dundee Acquisition,  the first special purpose acquisition corporation (“SPAC”) created in Canada, a Founding board  member Nova Royalty Corp, and a board member of Reunion Gold, Magna Terra Minerals, and  Cathedra Bitcoin. Mr. Leckie is a co-founder and director of Somerset Energy Partners, Valkyrie  Oil Trucking Corp., and South Viking Energy Corp.

The Company would like to thank Dr. Eric Jensen and Mr. Joel Shacker for their contributions.

The shareholders approved all other matters as proposed, including the appointment of Davidson  & Company LLP, Chartered Professional Accountants as auditors of the Company, approval of the  Company’s stock option plan, and the approval of the repricing of Insider stock options.


Gold Line Resources is focused on acquiring mineral properties with exceptional exploration  potential in the most prolific gold-producing regions of Sweden and Finland. Gold Line is working  in two of the world’s top mining jurisdictions and emerging exploration frontiers due to their  strong mineral endowment, stable tenure, straightforward permitting, favourable tax regime and  supportive geopolitical landscape.

Gold Line currently holds a prospective portfolio of gold exploration projects in Sweden and  Finland. In Sweden projects are located in the Gold Line Mineral Belt and Skellefteå Belt of north central Sweden, and the Mjøsa-Vänern Belt in southwest Sweden. In Finland Gold Line holds the  entire underexplored Oijärvi Greenstone Belt located in northern Finland.


“Adam Cegielski” 

Adam Cegielski
CEO & Director

For further information:
Email: [email protected]
Telephone: 1-855-465-3575



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Cautionary Note Regarding Forward-Looking Statements

This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the terms and conditions of the Arrangement, timing for the hearing for the final order of the Supreme Court of British Columbia to approve the Arrangement and the timing and ability of Gold Line to complete the Arrangement. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Gold Line’s respective management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Gold Line believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of Gold Line. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability to obtain necessary approvals in respect of the Arrangement, the ability to consummate the Arrangement,; the ability to obtain requisite court approvals and the satisfaction of other conditions to the consummation of the Arrangement on the proposed terms and schedule; the potential impact on exploration activities; the potential impact of the announcement or consummation of the Arrangement on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; the re-rating potential following the consummation of the Arrangement; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation; and the diversion of management time on the Arrangement. This forward-looking information may be affected by risks and uncertainties in the business of Gold Line and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Gold Line with the Canadian securities regulators, including Gold Line’s financial statements and related management’s discussion and analysis for the financial year ended December 31, 2022 and its interim financial reports and related management’s discussion and analysis for the period ended September 30, 2023 filed with the securities regulatory authorities in certain provinces of Canada and available at

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Gold Line has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.