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Pan American Silver Announces Results of Annual General and Special Meeting

Shareholder Meetings

Suite 2100 - 733 Seymour St.

Vancouver, BC Canada V6B 0S6

604-684-1175

www.panamericansilver.com

Pan American Silver Announces Results of Annual General and Special Meeting

Vancouver, B.C. – May 8, 2024 - Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the

"Company") announces the voting results from its annual general and special meeting of shareholders held

on May 8, 2024, 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 14, 2024,

which is available on the Company's website at https://www.panamericansilver.com/invest/financial-

reports-and-filings/.

A total of 239,393,813 common shares were represented at the meeting, being 65.65% 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 setting the number of directors at nine, the election of management’s

nominees as directors, the appointment of auditors for the ensuing year, and the acceptance of the

Company’s approach to executive compensation, known as “say-on-pay”.

Number of Directors

Resolution Votes For Votes Against

Resolution to set the size of the Board of Directors

at nine directors 237,772,506 (99.32%) 1,619,245 (0.68%)

Election of Directors

Director Nominee Votes For Votes Withheld

John Begeman 200,525,205 (98.51%) 3,030,303 (1.49%)

Neil de Gelder 155,130,986 (76.21%) 48,426,520 (23.79%)

Chantal Gosselin 200,913,024 (98.70%) 2,644,483 (1.30%)

Charles Jeannes 197,654,146 (97.10%) 5,901,360 (2.90%)

Kimberly Keating 192,508,924 (94.57%) 11,048,583 (5.43%)

Jennifer Maki 199,576,688 (98.04%) 3,980,819 (1.96%)

Kathleen Sendall 199,792,581 (98.15%) 3,764,926 (1.85%)

Michael Steinmann 201,425,944 (98.95%) 2,131,562 (1.05%)

Gillian Winckler 199,752,594 (98.13%) 3,804,913 (1.87%)

Walter Segsworth and Alexander Davidson did not stand for re-election at the Meeting. The Board and Pan

American would like to thank Mr. Segsworth for his wisdom and expertise over his 15-year tenure as a director

of the Company, and to thank Mr. Davidson for his contributions to the Company since his election in May

2023.

Appointment of Auditor

Resolution Votes For Votes Withheld

Resolution to appoint Deloitte LLP as auditors of

the Company until its next annual general

meeting and to authorize the directors of the

Company to fix the remuneration to be paid to

the auditors of the Company

204,053,173 (85.43%) 34,790,758 (14.57%)

Say-on-Pay

Resolution Votes For Votes Against

Advisory resolution to approve the Company’s

approach to executive compensation 140,848,397 (69.19%) 62,713,097 (30.81%)

About Pan American

Pan American Silver is a leading producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru,

Brazil, Bolivia, Chile and Argentina. We also own the Escobal mine in Guatemala that is currently not operating, and we

hold interests in exploration and development projects. We have been operating in the Americas for three decades,

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 the New York Stock Exchange and the

Toronto Stock Exchange under the symbol "PAAS".

Learn more at https://www.panamericansilver.com/

For more information contact:

Siren Fisekci

VP, Investor Relations & Corporate Communications

Ph: 604-806-3191

Email: [email protected]

PAN AMERICAN SILVER CORP.

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