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Toronto, Ontario: May 26, 2016 - Superior Copper Corporation (TSX‐V: SPC) ('Superior') is pleased to announce that, at the special meeting of shareholders held earlier today, the shareholders of Superior (the 'Superior Shareholders') overwhelmingly voted in favour of the special resolution to approve the business combination of Superior with Nighthawk Gold Corp. (TSX-V: NHK) ('Nighthawk'), pursuant to which Nighthawk will acquire all of the common shares of Superior by way of a three-cornered amalgamation between Superior and a wholly- owned subsidiary of Nighthawk (the 'Amalgamation'). The Amalgamation was approved by 99.71% of votes cast by the Superior Shareholders. Additional information concerning the Amalgamation can be found in the management information circular of Superior dated April 25, 2016, and available under Superior's issuer profile on SEDAR at www.sedar.com. Completion of the Amalgamation is subject to, among other things, receiving final stock exchange approvals, and the satisfaction of other customary conditions for a transaction of this nature. Closing of the Amalgamation is expected to occur on or about May 27, 2016.
About Nighthawk and Superior
Nighthawk is a Canadian-based exploration company focused on acquiring and developing gold mineral properties in the Northwest Territories. Including the mineral claims and leases of the Colomac Gold Project, Nighthawk's Indin Lake Gold Property comprises a total land package of 222,203 acres in the Indin Lake Greenstone Belt, located approximately 200 kilometres north of Yellowknife, Northwest Territories. Superior is a Canadian-based exploration company focused on base and precious metal exploration, which holds a 100% interest in the property known as the Superior Project, which covers 39,015 acres approximately 85 kilometres north of Sault Ste. Marie, Ontario.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. John Tait, President and Chief Executive Officer Superior Copper Corp.
Tel: (416) 628-5905 or via email at [email protected]
This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves 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 statements. In this news release, forward-looking statements relate, among other things, to: the timing and receipt of stock exchange and regulatory