LINGO MEDIA SHAREHOLDERS APPROVE ALL MATTERS AT ITS ANNUAL MEETING & ANNOUNCES BOARD UPDATES

TORONTONov. 19, 2021Lingo Media Corporation (TSXV: LM) (OTC: LMDCF) (FSE: LIMA) (“Lingo Media“) an EdTech company that is ‘Building a multilingual world’ through innovative online announces the results of its Annual Meeting of Shareholders (the “Annual Meeting“) held in Toronto on November 16, 2021.

At the Annual Meeting, the shareholders have re-elected Messrs. Gali Bar-ZivMichael KraftRobert Martellacci, Laurent Mareschal, Hon. Jerry Grafstein and Tommy Weibing Gong as directors of the Company.

In addition, shareholders also approved the re-appointment of RSM Canada LLP, Chartered Professional Accountants as auditors.

The directors held a board meeting subsequent to the Annual Meeting and re-appointed Gali Bar-Ziv as President & CEO and Khurram Qureshi as Chief Financial Officer. In addition, the Board appointed Khurram Qureshi as a Director. Mr. Qureshi brings over 25 years of experience in the field of accounting and corporate finance. He qualified as a Chartered Professional Accountant in 1990 and has held senior positions with several small to medium-size public companies. Mr. Qureshi has been a key member on several merger and acquisition teams. He is a senior partner at CQK Chartered Accountants LLP.

Michael Kraft notified the Company of his intention to retire from the Company’s board of directors for personal reasons, effective immediately. Mr. Kraft did not advise the Company of any disagreement on any matter relating to its operations, policies, or practices. The board of directors and management of Lingo Media would like to thank Mr. Kraft for his services and contributions over the years.

More specific details of the matters approved at the Meeting are set forth in Lingo Media’s Information Circular dated October 12, 2021 and posted on SEDAR at www.sedar.com.

About Lingo Media (TSX-V: LM) (OTC: LMDCF) (FSE: LIMA) 

Lingo Media is a global EdTech company that is ‘Building a multilingual world‘, developing and marketing products for learners of new languages through various life stages, from classroom to boardroom. By integrating education and technology, the company empowers language educators to easily transition from traditional teaching methods to digital learning.

Lingo Media provides both online and print-based solutions through two distinct business units: ELL Technologies Ltd., d/b/a Everybody Loves Languages and Lingo Learning Inc. Everybody Loves Languages provides online training and assessment for language learning, while Lingo Learning is a print-based publisher of English language learning programs in China.

Lingo Media has established successful relationships with key government and industry organizations internationally, with a presence in Latin AmericaChina and the U.S., and continues to both extend its global reach and expand its product offerings.

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To learn more, visit us at www.lingomedia.com 

Portions of this press release may include “forward-looking statements” within the meaning of securities laws.  These statements are made in reliance upon Sections 21E and 27A of the Securities Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. These statements are based on management’s current expectations and involve certain risks and uncertainties.  Actual results may vary materially from management’s expectations and projections and thus readers should not place undue reliance on forward-looking statements.  Lingo Media has tried to identify these forward-looking statements by using words such as “may,” “should,” “expect,” “hope,” “anticipate,” “believe,” “intend,” “plan,” “estimate” and similar expressions. Lingo Media’s expectations, among other things, are dependent upon general economic conditions, the continued and growth in demand for its products, retention of its key management and operating personnel, its need for and availability of additional capital as well as other uncontrollable or unknown factors. No assurance can be given that the actual results will be consistent with the forward-looking statements. Except as otherwise required by US Federal securities laws, Lingo Media undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.  Certain factors that can affect the Company’s ability to achieve projected results are described in the Company’s filings with the Canadian and United States securities regulators available on www.sedar.com or www.sec.gov/edgar.shtml.   

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

For further information:

Lingo Media
Khurram Qureshi
Chief Financial Officer
Mobile: 647-831-1462
Email: investor@lingomedia.com