Tinka Announces Results of Annual and Special Meeting of Shareholders
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March 26, 2025
TINKA ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “Company”) (TSXV & BVL: TK) (OTCQB: TKRFF) announces
the results of the Company’s Annual General and Special Meeting of Shareholders held on March 26, 2025 (the “AGM”).
A total of 175,747,137 common shares were represented in person or by proxy at the AGM, representing 43.00 % of the
votes attached to all outstanding common shares of the Company as at the record date. All the matters submitted to the
shareholders, as set out in the Notice of Meeting and Information Circular dated February 18, 2025 , were voted in favour,
with the adjustment to elect six members to the board of directors of the Company (the “Board”) as Pieter Britz withdrew
his nomination as a director. The following matters were approved at the AGM: (a) fixing the size of the Board of Tinka to six;
(b) the re- election of Ben McKeown, Graham Carman, Nick DeMare, Mary Little, Raul Benavides and Jones Belther as
directors for the ensuing year; (c) the ratification of the Company’s stock option plan, pursuant to which the Company may
grant stock options up to 10% of its issued and outstanding common shares at the time of the grant; and, (d) the
appointment of D&H Group LLP, Chartered Professional Accountants, as the auditors of the Company for the ensuing year
at a remuneration to be determined by the Board.
Additionally, disinterested shareholders approved each of Nexa Resources S.A. (“Nexa”) and Compañia de Minas
Buenaventura SAA (“Buenaventura”) becoming a new "Control Person" of the Company should either Nexa or
Buenaventura exercise the warrants previously issued to each of them, or should Nexa or Buenaventura participate in
further investments in the Company through private placements or other financings which would result in one or both such
parties acquiring additional securities in the Company and, therefore, increasing their respective shareholdings to 20% or
more of the issued and outstanding voting securities of the Company. Any future participation of Nexa or Buenaventura in
a financing of the Company is subject to the approval of the TSX Venture Exchange.
Subsequent to the AGM, the Board re-appointed Mr. McKeown as Non-Executive Chairman, Dr. Carman as President and
Chief Executive Officer, Mr. DeMare as Chief Financial Officer, and Ms. Mariana Bermudez as Corporate Secretary. Messrs.
McKeown, DeMare and Ms. Little were re-appointed as members of the Audit Committee.
On behalf of the Board,
“Graham Carman”
Dr. Graham Carman, President & CEO
Further Information:
www.tinkaresources.com
Mariana Bermudez 1.604.685.9316
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T: 604.685.9316 [email protected]
TSXV & BVL: TK OTCQB: TKRFF
NEWS RELEASE
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About Tinka Resources Limited
Tinka is an exploration and development company with its flagship property being the 100% -owned Ayawilca zinc-silver-
tin project in central Peru. The Zinc Zone at Ayawilca has an estimated Indicated Mineral Resource of 28.3 Mt grading 5.82%
zinc, 16.4 g/t silver, 0.2% lead and 91 g/t indium, and an Inferred Mineral Resource of 31.2 Mt grading 4.21% zinc, 14.5 g/t
silver, 0.2% lead and 45 g/t indium. The Silver Zone has an estimated Inferred Mineral Resource of 1.0 Mt grading 111.4 g/t
silver, 1.54% zinc, & 0.5% lead. The Tin Zone has an estimated Indicated M ineral Resource of 1.4 million tonnes grading
0.72% tin and an Inferred Mineral Resource of 12.7 Mt grading 0.76% tin. The Company filed a NI 43-101 technical report
on an updated PEA for the Ayawilca Project on April 15, 2024 (link to NI 43-101 report here). Dr. Graham Carman, Tinka’s
President and CEO, has reviewed, verified and approved the technical contents of this release. Dr. Carman is a Fellow of
the Australasian Institute of Mining and Metallurgy, and is a Qualified Person as defined by National Instrument 43-101.
Forward Looking Statements: Certain information in this news release contains forward -looking statements and forward -looking
information within the meaning of applicable securities laws (collectively "forward -looking statements"). All statements, other than
statements of historical fact, are forward -looking statements. Forward-looking statements include, but are not limited to, statements
regarding Nexa and Buenaventura becoming Control Persons of the Company and future financings of the Company. Forward -looking
statements are based on the beliefs and expectations of Tinka as well as assumptions mad e by and information currently available to
Tinka's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors inclu ding,
without limitations: regulatory approvals; volatility and sensitivity to market prices; timing of planned work programs and results varying
from expectations; delay in obtaining results; changes in equity markets; uncertainties relating to the availability and costs of financing
needed in the future; equipment failure, unexpected geolo gical conditions; imprecision in resource estimates or metal recoveries;
success of future development initiatives; competition and operating performance; environmental and safety risks; timing of geological
reports; the preliminary nature of the Ayawilca Project PEA and the Company’s ability to realize the results of the Ayawilca Project PEA;
the political environment in which the Company operates continuing to support the development and operation of mining project s;
risks related to negative publicity with respect to the Company or the mining industry in general; delays in obtaining or failure to obtain
necessary permits and approvals from local authorities; community agreements and relations; and, other development and operat ing
risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual
results may vary materially from those described herein. Although Tinka believes that assumptions inherent in the forward -looking
statements are reasonable, forward- looking statements are not guarantees of future performance and accordingly undue reliance
should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws,
Tinka disclaims any intent or obligation to update any forward -looking statement.
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 news release.