World’s Largest Independent Proxy Advisory Firm Recommends Keweenaw Shareholders Support Dissident Nominee to the Board

Keweenaw Land Association, Limited (“KEWL”) shareholder Ronald S. Gutstein announced today that RiskMetrics Group (“RiskMetrics”), a leading independent proxy advisory firm, has recommended that shareholders support his nomination to the Board of Directors, along with two important shareholder proposals.

“With the RiskMetrics recommendation, we now have independent validation of the issues that we have been raising for several years,” Gutstein said. “The current board has been unable to close the value gap and enhance shareholder value for all investors. My co-nominee Scott Frisoli and I are committed to our fellow investors. We will work tirelessly to correct the many corporate governance issues that this RiskMetrics analysis has confirmed.”

In reaching its decision to support Gutstein, RiskMetrics specifically noted that, “…Mr. Gutstein's background and experience in the capital markets especially as they pertain to the marketing of small, thinly traded securities may help the company achieve increased visibility in the investment community that ultimately may further narrow the value gap. Additionally, Mr. Gutstein promises to work to improve the company's corporate governance especially bylaws pertaining to supermajority vote requirements. We therefore recommend shareholders vote on the dissident’s WHITE proxy card for dissident nominee Gutstein.”

KEWL shareholders are urged to vote for Gutstein and Frisoli and their proposals. Shareholder questions or information requests should be directed to The Altman Group toll free at: (866) 745-0270.

RiskMetrics Group is a widely recognized as the leading independent proxy advisory firm and its recommendations are relied upon by major institutional investment firms, mutual funds and other fiduciaries throughout the country.

Keweenaw Land Association (PK) (USOTC:KEWL)
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