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Results of Annual General and Special Meeting of Shareholders

Shareholder Meetings

RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

February 18, 2020 Vancouver, B.C. Patagonia Gold Corp. (“ Patagonia ” or the “ Company ”)

(TSXV: PGDC) announces that at the Annual General a nd Special Meeting of the

shareholders held on February 18, 2020 (the “ Meeting ”), the shareholders elected Carlos

J. Miguens, Cristian Lopez Saubidet, Christopher va n Tienhoven, Tim Hunt, David Jarvis,

Alexander Harper and Leon Hardy as directors of the Company for the forthcoming year.

All motions, including the reapproval of the Compan y’s stock option plan and

appointment of the Company’s auditors, were passed by a majority of the shares

represented in person or by proxy, showing strong support from voting shareholders.

About Patagonia Gold

Patagonia Gold Corp. is a mining and development co mpany listed on the TSX Venture

Exchange. The Company seeks to grow shareholder val ue through exploration and

development of gold and silver projects in the Pata gonia region of Argentina. The

Company is primarily focused on the Calcatreu project in Rio Negro and the development

of the Cap-Oeste underground project. Patagonia, i ndirectly through its subsidiaries or

under option agreements, has mineral rights to over 350 properties in several provinces

of Argentina and Chile and is one of the largest landholders in the Province of Santa Cruz,

Argentina.

For more information, please contact:

Dean Stuart

T: 403 617 7609

E: [email protected]

Christopher van Tienhoven, Chief Executive Officer

Patagonia Gold Corp

T: +54 11 5278 6950

E: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is

defined in the policies of the TSX Venture Exchange ) accepts responsibility for the

adequacy or accuracy of this release.