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PAAS.TO ·

Pan American Silver Announces Results of Annual General and Special Meeting

Shareholder Meetings

PAN AMERICAN SILVER CORP.

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Suite 1500 - 625 Howe St.

Vancouver, BC Canada V6C 2T6

604-684-1175

www.panamericansilver.com

Pan American Silver Announces Results of Annual General and Special Meeting

Vancouver, B.C. - May 12, 2022 - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American” or

the “Company”) reported the voting results from its annual general and special meeting of shareholders held

May 11, 2022, in Vancouver, British Columbia (the “Meeting”). Each of the matters voted upon at the Meeting

are described in detail in the Company's Management Information Circular dated March 2 1, 2022, which is

available on the Company's website at panamericansilver.com.

A total of 131,361,761 common shares were represented at the meeting, being 62.41 % of the Company’s

issued and outstanding common shares as at the record date . Shareholders voted in favour of all matters

brought before the meeting, including the appointment of auditors for the ensuing year, 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 106,692,581 (99.15%) 912,648 (0.85%)

Neil de Gelder 105,062,122 (97.64%) 2,543,107 (2.36%)

Charles Jeannes 106,333,116 (98.82%) 1,272,112 (1.18%)

Jennifer Maki 105,408,702 (97.96%) 2,196,526 (2.04%)

Walter Segsworth 101,028,263 (93.89%) 6,576,965 (6.11%)

Kathleen Sendall 107,042,563 (99.48%) 562,665 (0.52%)

Michael Steinmann 107,119,175 (99.55%) 486,053 (0.45%)

Gillian Winckler 106,401,770 (98.88%) 1,203,459 (1.12%)

Say-on-Pay

Resolution Votes For Votes Against

Advisory resolution approving the

Company’s approach to executive

compensation

102,001,459 (94.79%) 5,603,766 (5.21%)

Appointment of Auditor

Resolution Votes For Votes Withheld

Resolution to appoint Deloitte LLP

as auditors of the Company until

its next annual general meeting

120,430,653 (91.69%) 10,920,017 (8.31%)

PAN AMERICAN SILVER CORP.

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About Pan American Silver

Pan American 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. Pan American provides enhanced

exposure to silver through a large base of silver reserves and resources, as well as major catalysts to grow silver

production. We have a 28-year history of operating in Latin America, earning an industry-leading reputation for

sustainability performance, 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 contact:

Siren Fisekci

VP , Investor Relations & Corporate Communications

Ph: 604-806-3191

Email: [email protected]