NEMI receives recommendation from Glass Lewis for incumbent board
Vancouver, BC, March 25, 2009 –NEMI Northern Energy & Mining Inc. (TSX: NNE-A) announced today that Glass Lewis, an independent proxy advisor, has recommended to its institutional clients that they support the incumbent NEMI board rather than a dissident slate.
The Glass Lewis report is the second recommendation from an independent proxy advisor for the incumbent board. NEMI previously disclosed that proxy advisor Riskmetrics Group has recommended support for the incumbent NEMI board.
Both Glass Lewis and Riskmetrics have further recommended that shareholders withhold their votes for one incumbent director, David Austin, on the grounds that he is a former chief executive of NEMI and a member of the compensation committee. As disclosed by NEMI yesterday, Mr. Austin has resigned from the board.
Voting your White Proxy
NEMI shareholders are asked to complete and return the WHITE proxy to re-elect the incumbent board and protect their investment in NEMI. Your vote is important, no matter how many or few shares you own. Please vote the WHITE proxy today. Proxies should be completed in accordance with the instructions provided.
Your WHITE proxy should be returned prior to 10:00 am Vancouver time (being 1:00 pm Toronto time) on Thursday, March 26, 2009 in order to be deposited with the Company in time to be used at the Annual and Special General Meeting on March 30, 2009.
NEMI Northern Energy & Mining Inc.
P. C. DEVLIN, President
For more information please contact:
Patrick Devlin
President and Chief Executive Officer
Tel: (604) 616-1954
Or:
Laurel Hill Advisory Group
North American toll-free 1-888-812-9184