Huakan International Mining Inc. Announces Results of 2014 AGM and Management Changes

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| Source: Huakan International Mining Inc.

VANCOUVER, British Columbia, May 1, 2014 (GLOBE NEWSWIRE) -- Huakan International Mining Inc. (the "Company") is pleased to announce today the results of its annual general meeting ("AGM") of shareholders held on April 28, 2014. The shareholders of the Company, by unanimous written consent, agreed to the AGM being held on short notice, and agreed to waive the requirements for the Company to mail a proxy circular to shareholders.

At the AGM 99.50% of the Company's issued and outstanding shares were represented in person or by proxy and the shareholders unanimously voted in favour of all the motions put before the AGM, including the appointment of Ernst & Young LLP as auditors, the adoption of a stock option plan, the fixing of the number of directors and the appointment of directors and officers.

During the AGM, the shareholders fixed the number of directors of the Company at five (5) and re-elected Pengzhi Guo, Xiang Shi, Hongfei Liu, Yuandong (Jeffrey) Ren and Wenhong (Wilson) Jin effective until the next annual meeting of shareholder of the Company. Pengzhi Guo was appointed chairman of the board of directors, Wenhong (Wilson) Jin was appointed as an Executive Director of the board and Yuandong (Jeffrey) Ren was appointed Chief Executive Officer of the Company.

Before the AGM, the Company was notified that Guixin Zhao and Shicheng Song resigned from the board of directors of the Company, Guixin Zhao resigned as the Chief Executive Officer of the Company, Wenhong (Wilson) Jin resigned as the President of the Company, and the board of directors would like to thank each of them for their contributions to the Company.

Mr. Pengzhi Guo has been a director of the predecessor to the Company since 2010 and also served as chairman of the board prior to the completion of the previously announced amalgamation. Mr. Guo is a Senior Engineer with over 19 years of experience in the mining industry, including employment as a mine manager and metallurgist for several operations and projects in China. Mr. Guo currently serves as the Assistant General Manager of Tianjin Huakan Group Co., Ltd. and General Manager of Tianjin Huakan Mining Investment Co., Ltd.

Jeffrey Ren is the President of Huakan Resources Inc. which is the largest beneficial shareholder of the Company and was the Chief Financial Officer of the Company from May 2010 to May 2012. He has 21 years of experience in financial management, direct investment, fund management and investment banking. He has in succession worked in different financial institutions such as trusts, securities, funds and investment companies. Jeffrey's financial work experience has been mainly in the fields of mining and pharmaceuticals.

Mr. Wenhong (Wilson) Jin has 22 years of experience in the exploration and acquisition of precious and base metals in Asia, Africa and North America. He has worked in the Northwest Non-Ferrous Metal Exploration Bureau in China for 17 years and for Sino Gold Mining Limited for 4 years. Mr. Jin joined the Huakan Group in China in 2009, prior to joining the predecessor to the Company in 2010.

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

Jeffrey Ren, Chief Executive Officer at (604) 694-2344