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Atlantic Industrial Minerals Inc.

Exchange: TSXV Exchange | May 25, 2019, 6:06 PM EDT

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AIM Receives Shareholder Approval for Reorganization

SYDNEY, NS, Jan. 28 /CNW Telbec/ - Atlantic Industrial Minerals Incorporated (TSXV:ANL.V) ("AIM") announced today that its previously announced agreement to sell its common shares of Kelly Rock Limited to Municipal Capital Incorporated received unanimous approval of shareholders voting at the Annual General and Special Meeting of shareholders held on January 15, 2009. The proposed transaction is subject to final regulatory approval, and is currently expected to close on or about February 28, 2009.

At the meeting, the shareholders also re-elected David MacKenna, Gary MacKenzie, Barry Martin, Glen Dexter and Barclay Cunningham as directors and approved the reappointment of KPMG LLP as the auditors for AIM. David MacKenna, Glen Dexter and Barclay Cunningham intend to resign as officers and directors of AIM upon completion of the proposed transaction.

AIM is a natural resource company based in Sydney, Nova Scotia, engaged in the production and sale of industrial minerals. The common shares of AIM are listed on the TSX Venture Exchange.

Commentary regarding forward looking statements:

This news release may contain forward-looking statements, including in connection with the proposed transaction contemplated by the agreement to sell the common shares of Kelly Rock Limited held by AIM. Such statements involve known and unknown risks, uncertainties, and other factors outside management's control including, but not limited to, receipt of required approvals for the completion of the transactions contemplated in the Agreement, that could cause actual results to differ materially from those expressed in the forward-looking statements. AIM does not assume responsibility for the accuracy and completeness of the forward-looking statements and does not undertake any obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

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.

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