Aris Mining Announces Revisions to Equity Compensation Plan Ahead of Annual General Meeting
Aris Mining Announces Revisions to Equity Compensation Plan Ahead of
Annual General Meeting
VANCOUVER, British Columbia--(BUSINESS WIRE)--April 16, 2026--Aris Mining
Corporation (Aris Mining or the Company) (TSX: ARIS; NYSE: ARIS) announced today that,
based on further review of its proposed equity compensation plans, it has decided to revise those
plans ahead of the Company’s upcoming annual general meeting of shareholders to be held on
May 7, 2026 (the AGM). The Company determined that the initially proposed share reserves
were greater than required and has reduced the proposed share reserve caps for each of the
security-based equity compensation plans. For context, the Company’s 2026 long-term incentive
awards granted in January 2026, including stock options, restricted share units and performance
share units, represented approximately 0.35% of the Company’s issued shares, underscoring that
the initially proposed reserves were higher than necessary.
Under the revised approach, the Board of Aris Mining has approved the following changes:
the amended and restated stock option plan (Stock Option Plan) has been updated to
reduce its rolling reserve for stock options from 10% (as previously described in the
Management Information Circular dated March 24, 2026 (the Circular) to 3% and to
clarify the amendment provisions of the plan; and
the amended and restated performance share unit plan (PSU Plan) and the amended and
restated restricted share unit plan (RSU Plan) have been updated to reduce their
combined rolling reserve from 5% to 3%.
As a result of these amendments, the total number of common shares that may be issued under
the Company’s equity compensation plans, when aggregated, has been reduced from 10% to 6%
of the outstanding shares from time to time.
The updated versions of the Stock Option Plan, PSU Plan and RSU Plan are available on
SEDAR+ and in the Company’s filings with the U.S. Securities and Exchange Commission.
These versions replace the corresponding plans included in the Circular (Schedules E, D, and C,
respectively). Shareholders will be asked to approve the updated plans at the AGM (or any
adjournment or postponement thereof). All references in the Stock Option Plan Resolution, PSU
Plan Resolution and RSU Resolution to the Stock Option Plan, PSU Plan and RSU Plan in the
Circular (as each of those terms are defined in the Circular), respectively, will be to the amended
and restated versions of those plans filed on SEDAR+ and with the U.S. Securities and Exchange
Commission on April 16, 2026.
The Company’s Board of Directors recommends Shareholders vote FOR each of the Stock
Option Plan Resolution, PSU Plan Resolution and RSU Plan Resolution. Unless you give
other instructions, the management proxyholders intend to vote FOR the Stock Option
Plan Resolution, PSU Plan Resolution and RSU Plan Resolution.
The Toronto Stock Exchange has conditionally approved each of the updated Stock Option Plan,
PSU Plan and RSU Plan.
About Aris Mining
Aris Mining is a Canadian gold mining company focused on South America. The Company
operates the Segovia and Marmato underground gold mines in Colombia, which together
produced approximately 257,000 ounces of gold in 2025. Aris Mining is listed on the Toronto
Stock Exchange and the New York Stock Exchange under the symbol ARIS.
The Company is advancing expansion projects at Segovia and Marmato that are expected to
increase annual gold production to approximately 500,000 ounces, driven by the ramp-up at
Segovia following the installation of the second mill, which was completed in June 2025, and
construction of the new Marmato bulk mine and CIP plant, with first gold expected in Q4 2026.
Aris Mining’s portfolio supports a longer-term objective of approximately 1 million ounces of
annual gold production1. Key projects include the high-grade Soto Norte gold project in
Colombia, where environmental studies are being finalized for submission in Q2 2026 to initiate
the licensing process, and the Toroparu gold project in Guyana, where a Prefeasibility Study is in
progress and a construction decision is expected in early 2027.
Additional information on Aris Mining can be found at www.aris-mining.com,
www.sedarplus.ca, and on www.sec.gov.
Cautionary Language
Qualified Person
Pamela De Mark, P.Geo., Senior Vice President Geology and Exploration of Aris Mining, is a
Qualified Person as defined by National Instrument 43-101 (NI 43-101), and has reviewed and
approved the technical information contained in this news release.
Forward-Looking Information
This news release contains "forward-looking information" or forward-looking statements" within
the meaning of Canadian securities legislation. All statements included herein, other than
statements of historical fact, including, without limitation, statements relating to the amendment
and restatement of the Company’s Option Plan, RSU Plan and PSU Plan, including any proposed
shareholder approval thereof or grant of securities thereunder, and the Company’s long term
incentive program, timing for completion and first gold pour at the Marmato Bulk Mining Zone,
the expected benefit from the Segovia expansion, the timeline for environmental studies for the
Soto Norte Project, the timeline for a Prefeasibility Study and construction decision for the
Toroparu Project, the objective of reaching 1 million ounces of production, are forward-looking.
Generally, the forward-looking information and forward looking statements can be identified by
the use of forward looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", "will continue" or "believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or
"be achieved”. The material factors or assumptions used to develop forward looking information
or statements are disclosed throughout this news release.
Forward looking information and forward looking statements, while based on management's best
estimates and assumptions, are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of Aris
Mining to be materially different from those expressed or implied by such forward-looking
information or forward looking statements, including but not limited to those factors discussed in
the section entitled "Risk Factors" in Aris Mining's annual information form dated March 11,
2026 which is available on SEDAR+ at www.sedarplus.ca and included as part of the
Company’s Annual report on Form 40-F, filed with the SEC at www.sec.gov.
Although Aris Mining has attempted to identify important factors that could cause actual results
to differ materially from those contained in forward-looking information and forward-looking
statements, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information or statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
information or statements. The Company has and continues to disclose in its Management's
Discussion and Analysis and other publicly filed documents, changes to material factors or
assumptions underlying the forward-looking information and forward-looking statements and to
the validity of the information, in the period the changes occur. The forward-looking statements
and forward-looking information are made as of the date hereof and Aris Mining disclaims any
obligation to update any such factors or to publicly announce the result of any revisions to any of
the forward-looking statements or forward-looking information contained herein to reflect future
results. Accordingly, readers should not place undue reliance on forward-looking statements and
information.
1 Includes potential production estimates from Toroparu, which is based on a preliminary
economic assessment and is preliminary in nature. It includes inferred mineral resources that are
considered too speculative geologically to have the economic considerations applied to them that
would enable them to be categorized as mineral reserves, and there is no certainty that the
preliminary economic assessment will be realized. Mineral resources that are not mineral
reserves do not have demonstrated economic viability. There can be no assurance that the
projected production will be achieved. Such production also remains subject to obtaining all
necessary permits for both Soto Norte and Toroparu.
Contacts
Aris Mining Contact
Oliver Dachsel
Senior Vice President, Capital Markets
+1.917.847.0063
Lillian Chow
Director, Investor Relations & Communications