Montreal, Quebec – TheNewswire - July 31, 2025 – QNB Metals Inc. (CSE: TIM.X) (USOTC: QNBMF) announces the approval of each of the matters set out in the Corporation’s Management Information Circular dated July 4, 2025 at the 2025 Annual and General Meeting of Shareholders held via webcast on July 30, 2025 (the “Meeting”).

 

The total number of shares represented by shareholders present in person and by proxy at the Meeting was 18,758,131, representing 40.12% of the Corporation’s outstanding shares.

 

All items of business were approved including the Proposed Transaction and Change of Business, share consolidation and name change (Press release: July 8, 2025).

 

The four director nominees proposed by management were elected by a show of hands with proxies received, as follows:

 

Nominee	Votes For	Percent	Votes Against	Percent
Mario Bouchard	16,960,131	90.41%	1,798,000	9.59%
Mario Drolet	18,380,131	97.98%	378,000	2.02%
Michael Mansfield	18,379,399	97.98%	378,732	2.02%
Maxime Lemieux	16,960,131	90.41%	1,798,000	9.59%

 

The five post-transaction director nominees proposed by management, including Andre Proulx, were also elected by a show of hands with proxies received, as follows:

 

Nominee	Votes For	Percent	Votes Against	Percent
Mario Bouchard, Mario Drolet, Michael Mansfield, Maxime Lemieux, Andre Proulx	18,379,985	97.98%	378,146	2.02%

 

Andre Proulx is the President of ReSolve Energie Inc. and is the founder of Petrolia Inc. where he led discovery of three distinct oil deposits in Anticosti and Gaspe Peninsula and negotiated two partnerships with European oil companies. He is also founder and director of several mining companies on the TSXV such as Stelmine Canada, having raised significant international equity. Mr. Proulx is a past winner of Hector Authier Award and the Petroleum Entrepreneurship Award.

 

The Corporation also announces the appointment of Byron D’Silva as Chief Financial Officer of the post-transaction company.

 

Mr. D'Silva is a Chartered Professional Accountant with more than 25 years of experience across financial reporting, internal and external audit, and risk management, known for his strategic insight and ability to lead in complex, fast-evolving environments. Mr. D’Silva spent a decade at KPMG, where he developed expertise in assurance and advisory services, laying the foundation for a career defined by both technical excellence and leadership. He most recently held the role of Senior Director at Royal Bank of Canada, over a tenure of 15 years, across regulatory integration, compliance, and operational risk management including executing enterprise-wide initiatives, driving alignment between regulatory expectations and business objectives, and strengthening sustainable growth through effective governance.

 

Final voting results, on all matters voted on at the Meeting, are available on SEDAR+ at www.sedarplus.com.

 

About QNB 

QNB Metals is exploring for natural or white hydrogen in Ontario and Quebec, using leading patent pending detection technology on highly prospective claims. The Corporation also holds the Kingsville Salt Reservoir Project in Nova Scotia.

 

About ReSolve

ReSolve is a private Canadian company focused on the development and commercialization of advanced biofuel and renewable energy technologies, as well as the exploration of natural hydrogen resources.

 

ReSolve has engineered a proprietary, patent pending acid hydrolysis platform capable of converting residual biomass—including bark, demolition wood, and paper sludge—into three complementary renewable energy products: second-generation ethanol, industrial-grade lignin pellets, and electricity generated via integrated biomass cogeneration.

 

ReSolve also owns a patent pending intellectual property portfolio related to the hydrogen detection and extraction methods in addition to 119 mineral exploration claims covering 6,613 hectares (66 km2) in Québec.

 

On behalf of the Board of Directors and for further information, please contact:

 

Ian C. Peres, CPA, CA

President & CEO

+1.416.579.3040

QNB’s public documents may be accessed at www.sedarplus.com  

Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.