Pan American Silver Announces Results of Annual General and Special Meeting

Pan American Silver Announces Results of Annual General and Special Meeting

Vancouver, B.C. - May 13, 2021 - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan

American Silver" or the “Company”) today reported the voting results from its annual general and

special meeting of shareholders held May 12, 2021 in Vancouver, British Columbia (the “Meeting”).

Each of the matters voted upon at the Meeting is described in detail in the Company's Management

Information Circular dated March 22, 2021, which is available on the Company's website at

panamericansilver.com.

A total of 136,374,011 common shares were represented at the meeting, being 64.86% of the

Company’s issued and outstanding common shares. Shareholders voted in favour of all matters

brought before the meeting, including the appointment of auditors for the ensuing year and the

authorization of the directors to fix the auditor’s remuneration, the acceptance of the Company’s

approach to executive compensation, known as “say-on-pay”, and the election of management’s

nominees as directors.

Election of Directors

Director Nominee Votes For Votes Withheld

Michael Carroll 111,010,095 (99.20%) 891,168 (0.80%)

Neil de Gelder 110,884,716 (99.09%) 1,016,547 (0.91%)

Charles Jeannes 111,683,099 (99.81%) 218,164 (0.19%)

Jennifer Maki 110,623,173 (98.86%) 1,278,089 (1.14%)

Walter Segsworth 107,585,690 (96.14%) 4,314,897 (3.86%)

Kathleen Sendall 111,601,152 (99.73%) 300,111 (0.27%)

Michael Steinmann 111,676,384 (99.80%) 224,878 (0.20%)

Gillian Winckler 110,652,742 (98.88%) 1,248,520 (1.12%)

As previously announced on February 3, 2021, Ross Beaty retired from the Company’s Board of

Directors and has been designated Chair Emeritus. Gillian Winckler has been appointed the

Company’s new Chair. We are also pleased to announce the election of Jennifer Maki to the

Company’s Board.

Say-on-Pay

Resolution Votes For Votes Against

Advisory resolution approving the Company's approach to

executive compensation 107,732,793 (96.27%) 4,168,466 (3.73%)

Appointment of Auditor

Resolution Votes For Votes Withheld

Resolution to appoint Deloitte LLP as auditors of the Company

until its next annual general meeting 131,243,779 (96.24%) 5,130,231 (3.76%)

Suite 1500 - 625 Howe St.

Vancouver, BC Canada, V6C 2T6

604-684-1175

www.panamericansilver.com

PAN AMERICAN SILVER CORP.

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About Pan American Silver

Pan American Silver owns and operates silver and gold mines located in Mexico, Peru, Canada, Argentina and

Bolivia. We also own the Escobal mine in Guatemala that is currently not operating. As the world's second

largest primary silver producer with the largest silver reserve base globally, we provide enhanced exposure to

silver in addition to a diversified portfolio of gold producing assets. Pan American Silver has a 27-year history of

operating in Latin America, earning an industry-leading reputation for corporate social responsibility, operational

excellence and prudent financial management. We are headquartered in Vancouver, B.C. and our shares trade

on NASDAQ and the Toronto Stock Exchange under the symbol "PAAS".

Learn more at panamericansilver.com.

For more information, please contact:

Siren Fisekci

VP, Investor Relations & Corporate Communications

Ph: 604-806-3191

Email: [email protected]

PAN AMERICAN SILVER CORP.

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