August 16, 2005
Press Release 05-2
Metaline Mining & Leasing Company Shareholders Approve Merger with HuntMountain Resources (SPOKANE, Wash.) Metaline Mining & Leasing Company (OTCBB:MMLC) shareholders voted to merge the company with and into its wholly owned subsidiary, HuntMountain Resources, a Nevada Corporation, at a special meeting of shareholders held on August 1st, 2005. The merger was approved and certified by the States of Washington and Nevada and made effective on August 3rd, 2005. Common shares of HuntMountain Resources will continue to trade on the OTC Bulletin Board as “MMLC” until a new stock symbol is issued by the NASD.
In other business, shareholders also approved the 2005 Metaline Mining and Leasing Stock Plan and retained Tim Hunt, William Green and Eunice Campbell as directors of the Company. The stock plan was assumed by the surviving Company on August 3rd, 2005 and renamed the 2005 HuntMountain Resources Stock Plan. All outstanding options of the Company have become options of HuntMountain under the same terms and conditions. The Plan of Merger, Articles of Merger and 2005 Stock Plan may be obtained at www.sec.gov.
“We are proud to be moving this company forward after such a long period of inactivity,” said President and Chairman Tim Hunt. “HuntMountain Resources is laying the foundation for a successful future in precious metals exploration, and our focus will continue to be managing our resources to obtain the greatest value for our shareholders.”
HuntMountain Resources (formerly Metaline Mining and Leasing Company) is a U.S.-based junior exploration company engaged in acquiring, exploring and developing precious and base metals properties throughout North and South America.
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not even be anticipated. This news release is neither a prospectus nor an offer to sell securities or stocks in the company. It is intended for informational purposes only.
FOR FURTHER INFORMATION PLEASE CONTACT:
Steve Taylor, Director of Investor Relations
HuntMountain Resources
(509) 892-5287 phone (509) 893-5318 fax
staylor@huntmountain.com
www.huntmountain.com
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