Discovery Announces Annual General and Special Meeting Results
NEWS RELEASE
Discovery Announces Annual General and Special Meeting Results
June 26, 2025, Toronto, Ontario - Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today announced the results of voting at its Annual General and Special Meeting held on June 25, 2025. Shareholders voted overwhelming in support of the election of all director nominees as further set out below:
| Name of Nominee | Votes cast FOR | % votes cast FOR | Votes WITHHELD | % of Votes WITHHELD |
|---|---|---|---|---|
| Murray John | 570,029,612 | 99.25% | 4,318,461 | 0.75% |
| Anthony Makuch | 574,035,499 | 99.95% | 312,574 | 0.05% |
| Barry Olson | 573,848,566 | 99.91% | 499,507 | 0.09% |
| Jeffrey Parr | 573,980,552 | 99.94% | 367,521 | 0.06% |
| Moira Smith | 571,336,863 | 99.48% | 2,981,210 | 0.52% |
| Daniel Vickerman | 553,994,408 | 96.46% | 20,353,665 | 3.54% |
Shareholders also voted in favour of: (i) appointing PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the ensuing year; (ii) the Long Term Incentive Plan of the Company; (iii) amendments to the Company’s Deferred Share Unit Plan (the “DSU Plan”); (iv) the approval of all unallocated deferred share units under the DSU Plan; (v) the approval of all unallocated restricted share units under the Company’s former restricted share unit plan; and (vi) the approval of all unallocated stock options under the Company’s stock option plan.
Further details on these items can be found in the Company’s Management Information Circular dated May 6, 2025 and filed on SEDAR+. Details of the vote are set out below:
| Votes cast FOR | % of votes cast FOR | Votes cast AGAINST | % of votes cast AGAINST | |
|---|---|---|---|---|
| Appointment of Auditors | 601,537,503 | 99.91% | 560,977 | 0.09% |
| Long Term Incentive Plan | 538,836,367 | 93.82% | 35,511,706 | 6.18% |
| Deferred Share Unit Plan | 534,902,444 | 93.13% | 39,445,629 | 6.87% |
| Unallocated DSUs | 534,646,444 | 93.13% | 39,445,629 | 6.87% |
| Unallocated restricted share units | 534,656,921 | 93.09% | 39,691,152 | 6.91% |
| Unallocated Options | 534,034,377 | 92.98% | 40,313,696 | 7.02% |
ABOUT DISCOVERY
Discovery is a growing North American-focused precious metals company. The Company has exposure to silver through its first asset, the 100%-owned Cordero project, one of the world’s largest undeveloped silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico. On April 15, 2025, Discovery completed the acquisition of the Porcupine Complex from Newmont Corporation, transforming the Company into a new Canadian gold producer with multiple operations in one of the world’s most renowned gold camps in and near Timmins, Ontario. Discovery owns a dominant land position within the camp, with a large base of Mineral Resources remaining and substantial growth and exploration upside.
On Behalf of the Board of Directors,
Tony Makuch, Peng
President, CEO & Director
For further information contact:
Mark Utting, CFA
SVP Investor Relations Phone: 416-806-6298 Email: [email protected] Website: www.discoverysilver.com