CKX LANDS ANNOUNCES REVIEW OF STRATEGIC ALTERNATIVES

LAKE CHARLES, LA. (August 21, 2023) —CKX Lands, Inc. (NYSE American: CKX) (“CKX”) today announced that its Board of Directors has determined to initiate a formal process to evaluate strategic alternatives for the company to enhance value for stockholders. The Board of Directors and the management team is considering a broad range of potential options, including continuing to operate CKX as a public, independent company or a sale of all or part of the company, among other potential alternatives.

The company has engaged TAP Securities LLC as financial advisor in connection with the review process. Fishman Haygood, L.L.P. is serving as legal advisor to the company.

There is no deadline or definitive timetable set for the completion of the review of strategic alternatives and there can be no assurance that this process will result in CKX pursuing a transaction or any other strategic outcome. CKX does not intend to make further public comment regarding the review of strategic alternatives until it has been completed or the company determines that a disclosure is required by law or otherwise deemed appropriate.

CKX Lands, Inc. is a land management company that earns revenue from royalty interests and mineral leases related to oil and gas production on its land, timber sales, and surface rents. Its shares trade on the NYSE American market under the symbol CKX.

TAP Securities is an affiliate of TAP Advisors, an investment bank providing financial advisory, mergers and acquisitions and capital-raising services. TAP Securities is located in New York City, phone number (212) 909-9034.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains information that may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in those sections. Forward-looking statements include those pertaining to the review of strategic alternatives for CKX, as well as those identified by the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “target,” “forecast,” “aim,” “should,” “plan,” “goal,” “future,” “will,” “may,” and similar expressions or by using future dates. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements are not historical facts, but instead represent only the company’s beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of the company’s control. Management believes that these forward-looking statements are reasonable as of the time made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. Our company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results, events or developments to differ materially from the company’s historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to, whether the objectives of the strategic alternatives review process will be achieved; the terms, structure, benefits and costs of any strategic transaction; the timing of any transaction and whether any transaction will be consummated at all; the risk that the strategic alternatives review and its announcement could have an adverse effect on the ability of the company to retain customers, retain and hire key personnel and maintain relationships with customers, suppliers, employees, shareholders and other business relationships, and on its operating results and business generally; general economic and market conditions; the risk the strategic alternatives review could divert the attention and time of the company’s management; the risk of any unexpected costs or expenses resulting from the review; the risk of any litigation relating to the review; and the risks and uncertainties described in “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2022 and those described from time to time in our future reports filed with the Securities and Exchange Commission.

Contact
Gray Stream
President
(337) 493-2399

CKX LANDS ANNOUNCES APPOINTMENT OF SCOTT STEPP AS CHIEF FINANCIAL OFFICER

      LAKE CHARLES, LA. (May 9, 2022) — CKX Lands, Inc. (NYSE American: CKX) (“CKX” or the “Company”), announced that Scott Stepp has been appointed Chief Financial Officer, a new position within the Company, effective today.  Concurrent with Mr. Stepp’s appointment, Gray Stream will relinquish the role of Treasurer.  Mr. Stream will continue as Chairman and President of CKX.  Mr. Stepp commented, “I am humbled by the opportunity to serve alongside Gray and the rest of the CKX team.  CKX has a rich history, and I look forward to being a resource for the Board and CKX shareholders going forward.”

CKX President Gray Stream noted, “I am pleased to welcome Scott to the CKX management team. He brings a wealth of knowledge and experience that will be valuable to CKX and its shareholders.”

Scott Stepp has over 20 years of investment banking, as well as public and private investment experience, most recently as the Chief Investment Officer of Matilda Stream Management, Inc., a single family office based in Lake Charles, LA where he has worked for the past 8 years. Previously, Mr. Stepp held executive positions at investment banks and broker dealers, where he focused primarily on credit and special situations equity investments and research.  Mr. Stepp holds a BA degree from Georgetown University.

LAKE CHARLES, La. (August 10, 2021) — CKX Lands, Inc. (NYSE American: CKX) (“CKX” or the “Company”), today announced that effective August 4, 2021 Michael White has retired from his position as a Director of the Company. “It has been a pleasure to serve on the CKX Board of Directors for the past eight years. I am very pleased with management’s thoughtful stewardship of CKX’s assets, and also with the Company’s continued focus on creating value for shareholders.”

CKX Lands also reported today that effective August 5, 2021 Lane T. LaMure has been appointed Director to replace Mr. White. Mr. LaMure brings over two decades of real estate investment and capital markets experience. “I am honored to serve on the Board and look forward to working with CKX Land’s management team to advance the company’s initiatives for growing shareholder value,” commented Mr. LaMure.

CKX President Gray Stream added, “Michael’s leadership on the Board will certainly be missed, but we are also very excited to welcome Lane as a Director. He brings a fresh perspective and a tremendous amount of talent and experience to the CKX Board.”
Lane LaMure has over 20 years of public and private investment experience, most recently as the founder of Enlight Capital, a private investment advisor to high profile family offices and individuals. Previously, Mr. LaMure has held executive positions at public and private investment funds, where he focused on real estate and real estate-related investment opportunities. Mr. LaMure holds MA and PhD degrees in Government from Harvard University, an MBA from the Harvard Business School, and BA and MA degrees in Political Science from Emory University. Mr. White added: “I am excited that the Board has appointed Lane. I believe he is going to be a great addition to the Board.”

CKX LANDS ANNOUNCES APPOINTMENT OF GRAY STREAM AS PRESIDENT AND TREASURER

LAKE CHARLES, La. (July 16, 2020) — CKX Lands, Inc. (NYSE American: CKX) (“CKX” or the “Company”), today announced that Gray Stream has been appointed its president and treasurer, effective July 15, 2020. Lee Boyer is retiring from the position but has been appointed secretary, and he will also provide transition services to CKX as Stream assumes his new role. Both Stream and Boyer will continue as directors.

“I greatly appreciate the confidence that the board of directors has placed in me, and I am extremely excited about this opportunity,” said Stream. “CKX has long been a thoughtful and dedicated steward of its land and natural resources, and I will continue that approach. Additionally, I look forward to developing and evaluating various strategic options intended to maximize long-term shareholder value.”

Gray Stream is the president of Matilda Stream Management, which manages a diverse set of operating businesses, investments, and assets—including land and natural resources nearly identical to CKX’s holdings. Additionally, Stream has built and acquired successful businesses in a variety of industries. He has been a long-time director of CKX and previously served as chair of the audit committee for several years.

Stream has agreed to a compensation plan that is 100% stock-based, and heavily weighted towards ambitious performance metrics. “The board of directors is very pleased to appoint Gray to this position,” said chairman of the board Michael White. “He is already a major shareholder, and he has agreed to take the position without receiving cash compensation. This represents a uniquely strong alignment with shareholders. We are excited about the resources that Gray can leverage for CKX’s benefit,” added White.

This announcement will be posted on the Company’s website at www.ckxlands.com and on the Company’s Twitter feed on @CkxInc.

CKX Lands, Inc. is a land management company that earns revenue from royalty interests and mineral leases related to oil and gas production on its land, timber sales, and surface rents. Its shares trade on the NYSE American market under the symbol CKX.

This press release may include forward-looking statements within the meaning of the “safe harbor” provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on a number of assumptions about future events and are subject to various risks, uncertainties and other factors that may cause actual results to differ materially from the views, beliefs, projections and estimates expressed in such statements. These risks, uncertainties and other factors are beyond the Company’s control and include, but are not limited to, those discussed under “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2020. You should not place undue reliance on forward-looking statements made by or on behalf of CKX. Each such statement speaks only as of the day it was made. The Company undertakes no obligation to update or to revise any forward-looking statements.

CKX LANDS ANNOUNCES INTERNET ACCESS TO ANNUAL MEETING PROXY MATERIALS DUE TO COVID-19 PANDEMIC

LAKE CHARLES, La. (April 9, 2020) – CKX Lands, Inc. (NYSE American: CKX) today announced that the third-party facility that prints and mails to the Company’s shareholders its annual meeting proxy materials has been forced to close due to the COVID-19 pandemic. As a result, the Company will not be able to mail a full set of annual meeting materials to all of its shareholders for its annual meeting of shareholders to be held on May 7, 2020. Instead, for certain shareholders, the Company will rely on rules that allow it to mail a notice to shareholders giving the internet address where shareholders may access the annual meeting materials on-line. The Company began mailing this notice today.

The Company is taking this action under a statement of the staff of the Securities and Exchange Commission issued on April 7, 2020 that provides guidance to issuers, shareholders, and other market participants affected by COVID-19 with meeting their obligations under the federal proxy rules.

The CKX Lands, Inc. annual meeting of shareholders will be held on Thursday, May 7, 2020 at One Lakeside Plaza, 4th Floor, 127 W. Broad Street, Lake Charles, Louisiana 70601, at 10:00 a.m., central time. Shareholders may access the annual meeting proxy and proxy statement and the Company’s 2019 annual report to shareholders at:

www.envisionreports.com/ckx

Shareholders of record will also be able to complete on-line and electronically sign a proxy to vote their shares by visiting that site and entering their unique control number that is printed on the notice they will receive in the mail. Shareholders holding their shares through a broker or bank will receive voting instructions from their broker or bank.

Please note that the number of persons admitted entry to the annual meeting may be limited under any local, state or federal government restrictions related to the COVID-19 pandemic that are in effect on the meeting date. So that their votes will be counted, shareholders are urged to complete, sign, date and submit a proxy rather than depending on attending the meeting and voting in person.

This announcement will be posted on the Company’s website at www.ckxlands.com and on the Company’s Twitter feed on @ckxlnc.

CKX Lands, Inc. is a land management company that earns revenue from royalty interests and mineral leases related to oil and gas production on its land, timber sales, and surface rents. Its shares trade on the NYSE American market under the symbol CKX.