Initial consolidation - appointment of interim CEO
CMP MINING ANNOUNCES PROPOSED SHARE CONSOLIDATION AND APPOINTMENT OF INTERIM CEO
Vancouver, B.C. – October 29, 2026 – CMP MINING INC. (“CMP” or the “Company”) (CSE: CMP) announces that the Company intends to consolidate the common shares in the capital of the Company (the “Common Shares”) on the basis of five (5) pre-consolidation Common Shares for every one (1) post-consolidation Common Share (the “Consolidation”).
The Company currently has 14,988,000 Common Shares issued and outstanding, and following the Consolidation, the Company will have approximately 2,997,600 Common Shares issued and outstanding, prior to rounding for fractional shares.
The Consolidation was approved by the board of directors of the Company (the “Board”) in accordance with the Articles of the Company but remains subject to the approval of the Canadian Securities Exchange (the “Exchange”). The Company will issue a further news release announcing the effective date of the Consolidation upon receiving Exchange approval. The Company will not be changing its name in conjunction with the Consolidation.
The Company is also pleased to announce the appointment of David Velisek as Interim Chief Executive Officer of the Company. Mr. Velisek currently serves as a member of the Board.
David Velisek has over 25 years of capital markets experience as a licensed equities, options, and futures trader, Investment Adviser, and public company consultant. He is currently a director of Pluto Ventures Inc. and has served on the boards of numerous public companies. Mr. Velisek is currently employed with Baron Global Financial Canada Ltd.
About the Company
CMP Mining Inc. is a mineral exploration company focused on its Coquigold Property located near Merritt, British Columbia. For further information, please refer to the Company's disclosure record on SEDAR+ (www.sedarplus.ca) or contact the Company by telephone at 236-326-3409.
On Behalf of the Board of Directors,
Norm Yurik Director
Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward looking information may prove to be incorrect, including with respect to the Company’s business plans respecting the exploration and development of the Coquigold Property, the proposed work program on the Coquigold Property and the potential and economic viability of the Coquigold Property. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous