Quebec - International Prospect Ventures Ltd. (TSXV: IZZ) (the 'Company') announces the results of its annual general and special meeting of shareholders (the 'Meeting') held in Val-d'Or, Quebec, and by telephone conference, on June 23, 2022.

At the meeting shareholders elected four directors, being Dr. Scott Jobin-Bevans, Glenn J. Mullan, Dr. Robert I. Valliant and Dr. C. Jens Zinke. Shareholders appointed MNP LLP as the Company's auditor for the ensuing year and approved the previously adopted 10% rolling stock option incentive plan, as amended and restated, to reflect the provisions of the TSX Venture Exchange Policy 4.4 - Security Based Compensation, as required by the TSX Venture Exchange.

Martin J. Walter and Jason Libenson did not stand for re-election and their terms of office expired at the Meeting. The Company wishes to thank them for their contributions and for their service to the Company and its stakeholders.

Contact:

Glenn J. Mullan

Tel: 819-824-2808

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