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WYM Waymar Resources Ltd

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Share Name Share Symbol Market Type
Waymar Resources Ltd TSXV:WYM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Waymar Resources Approves Advance Notice Policy

24/05/2013 10:13pm

Marketwired Canada


Waymar Resources Ltd.'s (TSX VENTURE:WYM) ("Waymar" or the "Company") board of
directors (the "Board of Directors") has approved an advance notice policy (the
"Policy") effective May 21, 2013. The purpose of the Policy is to provide a
clear framework for nominating directors of the Company which will facilitate an
orderly and efficient process for nomination and election of directors at annual
or special general meetings of shareholders. The Policy includes a process that
requires advance notice to the Company in circumstances where nominations of
persons for election to the Board of Directors are made by shareholders of the
Company other than pursuant to a proposal or requisition of shareholders made in
accordance with the Business Corporations Act (British Columbia). Among other
things, the Policy fixes a deadline by which holders of record of common shares
of the Company must submit director nominations to the Company prior to any
annual or special general meeting of shareholders and sets forth the information
that a shareholder must include in the notice to the Company for the notice to
be in proper written form.


In the case of an annual general meeting of shareholders, notice to the Company
must be made not less than 30 nor more than 65 days prior to the date of the
annual general meeting; provided, however, that in the event that the annual
general meeting is to be held on a date that is less than 50 days after the date
on which the first public announcement of the date of the annual general meeting
was made, notice may be made not later than the close of business on the 10th
day following such public announcement.


In the case of a special general meeting of shareholders (which is not also an
annual general meeting), notice to the Company must be made no later than the
close of business on the 15th day following the day on which the first public
announcement of the date of the special general meeting was made. The Policy
provides that the Board of Directors may, in its sole discretion, waive any
requirement of the Policy.


The Board of Directors intends to seek shareholder ratification of the Policy at
Waymar's next annual and special meeting, to be held on June 26, 2013.


The full text of the Policy is available via SEDAR at www.sedar.com.

About Waymar Resources Ltd.

Waymar Resources Ltd. is a Canadian mineral exploration company with an option
to acquire 100% interest in the Anza project located in the west of the
Antioquia Department in the Republic of Colombia. Upon exercise of the option,
the optionors will retain a 2% net smelter return royalty on that portion of the
Anza property governed by the Option Agreement, one-half of which may be
purchased by Waymar for a cash payment of US$1,000,000. Waymar also has 100%
ownership of certain properties surrounding Anza that cover the district's
mineral potential and is continually seeking opportunities to acquire
exploration properties. Colombia is a significant producer of gold, nickel,
emeralds, petroleum and natural gas as well as a leading producer of coal in
Latin America.


WAYMAR RESOURCES LTD.

Pablo Marcet, President & CEO

This press release may contain "forward-looking statements" and "forward-looking
information" within the meaning of applicable Canadian securities legislation.
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", "estimates", "intends",
"anticipates" or "believes" or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would", "might", or
"will be taken", "occur", or "be achieved". Forward-looking information is based
on the reasonable assumptions, estimates, intentions, analysis and opinions of
Waymar made at the date that such statements are made. Forward-looking
information is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or
achievements of Waymar to be materially different from those expressed or
implied by such forward-looking information, including the risk factors relating
to receipt of shareholder approval of the Policy, and as otherwise disclosed
elsewhere in Waymar's public disclosure. Accordingly, readers should not place
undue reliance on forward-looking information. The forward-looking information
contained herein is presented for the purposes of assisting investors in
understanding Waymar's plans and objectives and may not be appropriate for other
purposes. Waymar does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.


Shares Outstanding: 47,245,170

FOR FURTHER INFORMATION PLEASE CONTACT: 
Waymar Resources Ltd.
Investor Relations
1-778-373-0100
info@waymarresources.com

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