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Cameo Announces Corporate Update

VANCOUVER, British Columbia, July 26, 2019 (GLOBE NEWSWIRE) -- Cameo Industries Corp. (TSX Venture: CRU) (CRUUF) (SY7N.F) (the “Company” or “Cameo”) is pleased to announce the appointment of Mr. Paul Ténière as Director and CEO of the Company in place of Mr. Akash Patel, who has resigned as Director, President and CEO, and the appointment of Peter Nguyen as Director, Chief Financial Officer and Corporate Secretary of the Company in place of Mr. Patrick O’Flaherty who resigned as Director and Chief Financial Officer.

Further, the Company announces the appointment of Mr. Brian O’Neill to the Board of Directors to fill the vacancy caused by the resignation of Christopher Paul as previously announced on July 12, 2019.

Paul Ténière, M.Sc., P.Geo. – CEO and Director

Mr. Ténière is a professional geologist with 20 years of diverse experience in the mining and oil & gas sectors in Canada, United States, and internationally taking projects from exploration to mine development. Mr. Ténière serves as an officer and director of several publicly traded mining companies exploring and developing precious metal and base metal deposits, and has significant capital markets, regulatory, and corporate finance experience. He was Senior Manager of Mining for the Toronto Stock Exchange (TSX) and TSX Venture Exchange, Chief Geologist for Sherritt International Corp., and an Exploration Manager for Vale S.A. and Solid Energy New Zealand developing coal mining projects in Australia and New Zealand.

Peter Nguyen, CPA, CA – CFO, Corporate Secretary and Director

Mr. Nguyen is a Chartered Professional Accountant and an alumnus of the University of British Columbia. Mr. Nguyen serves as the chief financial officer and director of several publicly traded companies in a variety of industries and is instrumental in managing the financial operations as well as the integrated business strategies.  Mr. Nguyen has more than 10 years of experience and has held several senior financial positions for public and private entities, where he provided assurance, corporate financing, tax and business advisory services.

Brian O’Neill – Director

Mr. O’Neill has been a practicing securities lawyer since 2009 and is a partner at O’Neill Law LLP. Mr. O’Neill represents a number of start up companies and companies that are listed or quoted on the TSX Venture Exchange, Canadian Securities Exchange and U.S. over-the-counter markets. Mr. O’Neill has represented clients in a variety of industries in securities matters including public and private securities offerings, mergers and acquisitions, securities exchange listings, public company reporting requirements and corporate governance. Mr. O’Neill is a licensed to practice law in British Columbia, Nevada and Washington.

The Board would like to thank Mr. Patel and Mr. O’Flaherty for their service to the Company wish them well in their future endeavours.

CAMEO INDUSTRIES CORP.

“Lucas Birdsall”                

For more information contact:
(778) 549-6714

Or Email: lucas@iacinvest.com
www.cameocobalt.com

Reader Advisory
This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the Company’s proposed acquisition, exploration program and the expectations for the cobalt industry. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation and environmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; liabilities inherent in water disposal facility operations; competition for, among other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.