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Comstock Announces Appointment of Arnold Tenney And Results of Annual/Special Meeting of Shareholders

(May 17, 2018)

VANCOUVER, British Columbia, May 17, 2018 (GLOBE NEWSWIRE) -- Comstock Metals Ltd. (TSX-V:CSL) (“Comstock” or the “Company”) is pleased to announce that each of the items presented to the directors at the annual and special meeting of shareholders held yesterday were approved by the requisite majority of votes.  In addition, the Company is pleased to announce that, in addition to Mr. Steven Goldman, Mr. Rasool Mohammad and Mr. Robert Luffman, Mr. Arnold Tenney was nominated and elected as a director of the Company. 

Mr. Tenney has been an advisor to the Company for the past year.  In addition, Mr. Tenney was the Chairman and a director of Tribute Pharmaceuticals Inc. from April  2004 to February 2016. Mr. Tenney was a financial consultant at Devine Entertainment Corporation (“Devine”), a children and family film production and development company from 2002 to 2011. Prior to his position at Devine, Mr. Tenney was Chief Executive Officer of ARC International Corporation from 1978 to 2000. ARC International Corporation was a developer of indoor ice arenas and tennis clubs, as well as an investment company involved in entertainment and cable television. Mr. Tenney was a director and Chairman of the Board of Cabletel Communications from 1985 to 2000, which was a leading supplier of broadband equipment to the cable television industry.  Mr. Tenney was a director of Ballantyne of Omaha, Inc. from 1988 to 2000 and served as Chairman of the Board from 1992 to 2000. Ballantyne of Omaha, Inc. was a leading manufacturer of commercial motion picture projection equipment. Mr. Tenney served as a director for Phillip Services Inc., a Canadian metal recycling company, from 1998 to 2000. He served in such capacity as a representative of Mr. Carl Icahn.

About Comstock Metals Ltd.

Comstock Metals Ltd. is a Canadian-focussed mineral exploration company with various resources projects located in Canada.

For more information about Comstock Metals Ltd., please visit or contact:

Steven H. Goldman

Interim President, CEO and DirectorCOMSTOCK METALS LTD.

Phone: (416) 867-9100

Neither 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.

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