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Capstone Copper Announces 2023 Annual General and Special Meeting Results

Shareholder Meetings

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May 3, 2023

Capstone Copper Announces 2023 Annual General and

Special Meeting Results

Vancouver, British Columbia – Capstone Copper Corp. (“Capstone” or the “Company”) (TSX:CS)

announced the voting results from its 2023 Annual General and Special Meeting ("AGM") held May 3, 2023 in

Vancouver, British Columbia. A total of 524,341,372 common shares were voted at the meeting, representing

75.58% of the votes attached to all outstanding common shares. Shareholders voted in favour of all items of

business before the meeting, as follows:

Number of Directors % For % Against

Number of Directors to be set at eight 99.90% 0.10%

Election of Directors % of Votes For % of Votes Withheld

Alison Baker 99.24% 0.76%

George Brack 99.10% 0.90%

Robert Gallagher 97.61% 2.39%

Anne Giardini 99.08% 0.92%

John Mackenzie 99.83% 0.17%

Peter Meredith 99.94% 0.06%

Patricia Palacios 99.94% 0.06%

Darren Pylot 98.46% 1.54%

Appointment of Auditor % For % Withheld

To re-appoint Deloitte LLP as Auditor of the Company for the

ensuing year and to authorize the Directors to fix their

remuneration

99.85% 0.15%

Advisory Vote on Executive Compensation % For % Against

To pass an advisory vote on Capstone’s approach to

executive compensation as disclosed in the Management

Information Circular

98.68% 1.32%

Advance Notice Policy % For % Against

To pass a vote on Capstone’s Advance Notice Policy. 99.97% 0.03%

Incentive Stock Option and Bonus Share Plan % For % Against

To approve all unallocated options, rights or entitlements

pursuant to Capstone’s Stock Option and Bonus Share Plan. 86.66% 13.34%

Detailed voting results for the 2023 AGM are available on SEDAR at www.sedar.com

NEWS RELEASE

TSX:CS ● capstonecopper.com

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Contact Information

Jerrold Annett, SVP, Strategy & Capital Markets

647-273-7351

[email protected]

Daniel Sampieri, Director, Investor Relations & Strategic Analysis

437-788-1767

[email protected]