ERO.TO · 2020-05-08 12:00:00

Ero Copper announces voting results of Annual General and Special Shareholders Meeting

Shareholder Meetings

TSX: ERO

1 Ero Copper Corp

MAY 8, 2020

Vancouver, British Columbia – Ero Copper Corp. (the “Company”) (TSX: ERO) reported the

voting results from its annual general and special meeting of shareholders held on May 7, 2020 in

the Company’s head office located in Vancouver, British Columbia and by live teleconference. A

total of 76,357,768 common shares were represented at the meeting, being 89.04% of the issued

and outstanding common shares of the Company. Shareholders voted in favour of all items of

business before the meeting, including the re-election of management’s nominees as directors for

the ensuing year and the advisory vote on executive compensation. Detailed results of the votes

are presented below.

Each item of business voted upon at the meeting is described in detail in the Company's

Management Information Circular dated March 12, 2020 (the “Circular”), which is available on

the Company's website (www.erocopper.com) and on SEDAR (www.sedar.com).

Set the Number of Directors at Nine

The setting of the number of directors at nine was approved, and the outcome of the valid proxies

received was as follows:

Number of Common Shares Voted Percentage of Votes Cast

For Against For Against

75,117,161 619,273 99.18% 0.82%

Election of Directors

Each of the nine nominees in the Circular were re -elected as directors of the Company for the

ensuing year, and the outcome of the valid proxies received was as follows:

Director Nominee Number of Common Shares Voted Percentage of Votes Cast

For Withheld For Withheld

Christopher Noel Dunn 75,143,611 592,823 99.22% 0.78%

David Strang 75,735,629 805 100.00% 0.00%

Lyle Braaten 72,926,657 2,809,777 96.29% 3.71%

Steven Busby 75,246,220 490,214 99.35% 0.65%

Dr. Sally Eyre 75,141,497 594,937 99.21% 0.79%

Robert Getz 74,417,015 1,319,419 98.26% 1.74%

Chantal Gosselin 75,711,632 24,802 99.97% 0.03%

John Wright 75,373,813 362,621 99.52% 0.48%

Matthew Wubs 74,926,225 810,209 98.93% 1.07%

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Appointment of Auditor

KPMG LLP, Chartered Professional Accountants, was re-appointed as the auditor of the Company

for the ensuing year, and the directors of the Company were authorized to fix the remuneration to

be paid to the auditor, and the outcome of the valid proxies received was as follows:

Number of Common Shares Voted Percentage of Votes Cast

For Withheld For Withheld

75,740,505 617,261 99.19% 0.81%

Incentive Option Grants under the Stock Option Plan to New Directors

The granting of 8,086 incentive stock options on August 15, 2019 to each of Dr. Sally Eyre and

Chantal Gosselin, upon appointment to the Board of Directors of the Company, was ratified,

authorized and approved, and the outcome of the valid proxies received was as follows:

Number of Common Shares Voted Percentage of Votes Cast

For Against For Against

74,294,664 1,441,770 98.10% 1.90%

Certain Matters Relating to the Stock Option Plan

The Company’s Stock Option Plan, including amendments thereto, and the unallocated options

issuable thereunder was authorized and approved, and the outcome of the valid proxies received

was as follows:

Number of Common Shares Voted Percentage of Votes Cast

For Against For Against

74,079,017 1,657,417 97.81% 2.19%

Certain Matters Relating to the Share Unit Plan

The Company’s Share Unit Plan, including amendments thereto, and the unallocated units issuable

thereunder was authorized and approved, and the outcome of the valid proxies received was as

follows:

Number of Common Shares Voted Percentage of Votes Cast

For Against For Against

74,270,259 1,466,175 98.06% 1.94%

Amendments to the Articles of the Company

The amendments to the Articles of the Company to (i) increase the quorum requirement for the

Company’s shareholder meetings to two persons who are, or who represent by proxy, shareholders

who, in the aggregate, hold at least 25% of the issued shares entitled to be voted at the meeting;

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and (ii) increase the quorum requirement for the transaction of the business of the directors to be

set at a majority of the directors were authorized and approved, and the outcome of the valid

proxies received was as follows:

Number of Common Shares Voted Percentage of Votes Cast

For Against For Against

75,117,132 619,302 99.18% 0.82%

Advisory Vote on Executive Compensation

The non-binding advisory “say on pay” resolution accepting the Company’s approach to executive

compensation as described in the Circular was approved, and the outcome of the valid proxies

received was as follows:

Number of Common Shares Voted Percentage of Votes Cast

For Against For Against

70,844,985 4,891,449 93.54% 6.46%

ABOUT ERO COPPER CORP

Ero Copper Corp, headquartered in Vancouver, B.C., is focused on copper production growth from

the Vale do Curaçá Property, located in Bahia, Brazil. The Company’s primary asset is a 99.6%

interest in the Brazilian copper mining company, MCSA, 100% owner of the Vale do Curaçá

Property with over 40 years of operating history in the region. The Company curr ently mines

copper ore from the Pilar and Vermelhos underground mines. In addition to the Vale do Curaçá

Property, MCSA owns 100% of the Boa Esperanҫa developm ent project, an IOCG -type copper

project located in Pará, Brazil and the Company, directly and indirectly, owns 97.6% of the NX

Gold Mine, an operating gold and silver mine located in Mato Grosso, Brazil . Additional

information on the Company and its opera tions, including Technical Reports on the Vale do

Curaçá, Boa Esperanҫa and NX Gold properties, can be found on the Company’s website

(www.erocopper.com) and on SEDAR (www.sedar.com).

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ERO COPPER CORP .

Signed: “David Strang” For further information contact:

David Strang, President & CEO Makko DeFilippo, Vice President, Corporate Development

(604) 429-9244

[email protected]

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