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Oban Announces Results of Annual Meeting of Shareholders

TORONTO, ONTARIO -- (Marketwired) -- 06/25/14 -- Oban Mining Corporation (TSX:OBM) (the "Company") is pleased to announce the results of its annual meeting of shareholders (the "Meeting") held on June 25, 2014.

A total of 45,765,785 common shares were represented at the Meeting and all matters presented for approval at the Meeting were duly authorized and approved, as follows:

i.  election of all management nominees to the board of directors of the
    Company; and 
ii. appointment of KPMG LLP as auditors of the Company for the ensuing year
    and authorization of the directors to fix their remuneration. 

                                Outcome of Vote  Votes For   Votes Withheld 
The election of the following                                               
 directors:                                                                 
Jose Vizquerra Benavides        Elected          44,542,079  Nil            
                                                 (100%)      (0.00%)        
John Burzynski                  Elected          44,542,079  Nil            
                                                 (100%)      (0.00%)        
Patrick Anderson                Elected          44,542,079  Nil            
                                                 (100%)      (0.00%)        
Keith McKay                     Elected          44,542,079  Nil            
                                                 (100%)      (0.00%)        
Bernardo Calderon               Elected          44,542,079  Nil            
                                                 (100%)      (0.00%)        
Robert Wares                    Elected          44,542,079  Nil            
                                                 (100%)      (0.00%)        
                                                                            
                                Outcome of Vote  Votes For   Votes Withheld 
Appointment of KPMG LLP, as     Carried          45,765,785  Nil            
 auditors of the Company and                     (100%)      (0.00%)        
 authorizing the directors to                                               
 fix their remuneration                                                     

Further details on the above matters, including the report of voting results thereon, are set forth in the Company's Meeting materials accessible under the Company's issuer profile on SEDAR at www.sedar.com.

About Oban Mining Corporation

The Company is a mineral exploration company focused on the acquisition, exploration, and development of base metal resource properties in the Americas. The Company is actively engaged in the identification, acquisition, evaluation and exploration of mineral properties, and holds options to acquire a 100% interest in four mining concessions covering a total surface area of 1,200 hectares comprising the Marcahui project, twenty-four mining concessions covering a total surface area of 16,700 hectares comprising the Antamayo project, and options to acquire an interest on the Arcopunco, all of which are in Peru. The Company is exploring these properties for precious metal deposits including gold, silver and copper. The Marcahui project and the Antamayo project are the Company's primary assets. The Company also holds various interests in properties located in Peru including the Bermejo project, Cevichito project, Magdalena property and other grass root projects (approx. 50,000 ha).

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.

This forward-looking information is based on reasonable assumptions and estimates of management of the Company, at the time it was made involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to property interests global economic climate; metal prices; dilution; ability to complete acquisitions; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

Contacts:
Oban Mining Corporation
Jose Vizquerra
President & CEO
416-848-9504
[email protected]

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