Discovery Announces Annual General and Special Meeting Results

Rhea-AI Summary

Discovery Mining (OTCQX: DSVSF, TSX: DSV) reported results of its June 22, 2026 AGM, where shareholders strongly approved changing the name from Discovery Silver to Discovery Mining.

Investors also backed all director nominees, auditor appointment, corporate continuation to Ontario, and flexible board size.

Positive

• Name change to Discovery Mining Ltd. approved with 99.6% of votes cast FOR
• All six director nominees received between 94.1% and 99.6% of votes cast FOR
• Appointment of PricewaterhouseCoopers as auditor passed with 99.7% of votes cast FOR
• Corporate continuation to Ontario’s Business Corporations Act approved with 99.8% of votes cast FOR
• Board-size flexibility resolution supported by 99.5% of votes cast FOR
• Recent acquisitions (Porcupine Complex and Kidd Operations) expand gold production and critical minerals exposure

Negative

• None.

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Discovery Silver Corp. changes name to Discovery Mining Ltd.

TORONTO, June 22, 2026 (GLOBE NEWSWIRE) -- Discovery Mining Ltd. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today announced the results of voting at its Annual General and Special Meeting (“AGM”), held on June 22, 2026.

Among the motions overwhelmingly approved at the AGM, was a resolution to change the Company’s name from Discovery Silver Corp. to Discovery Mining Ltd. (website address: www.dsvmining.com). The new name reflects Discovery’s transformation into a growing gold producer, with a production profile that also includes copper, zinc and silver. The Company also continues to advance the Cordero silver project in Mexico, one of the world’s largest undeveloped silver deposits.

Shareholders also voted overwhelmingly in support of the election of all director nominees as further set out below:

Name of Nominee	Votes cast FOR	% votes cast FOR		Votes WITHHELD	% votes WITHHELD
Murray John	558,901,794	95.7%		24,902,835	4.3%
Anthony Makuch	575,186,718	98.5%		8,617,911	1.5%
Barry Olson	557,528,099	95.5%		26,276,530	4.5%
Ingrid Hibbard	581,499,218	99.6%		2,305,411	0.4%
Lee Hodgkinson	559,269,945	95.8%		24,534,684	4.2%
Daniel Vickerman	549,309,042	94.1%		34,495,587	5.9%

In addition, other motions passed at the AGM include: (i) appointing PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the ensuing year; (ii) the continuation of the Company’s corporate existence from British Columbia’s Business Corporations Act to Ontario’s Business Corporations Act; and (iii) a resolution empowering the Company’s Board of Directors to determine the number of directors of the Company from time to time, within the minimum and maximum set out in the Company’s articles, by a resolution of the directors, subject to the limitations set out in Ontario’s Business Corporations Act.

Further details on these items can be found in the Company’s Management Information Circular dated May 13, 2026 and the formal report on voting results with respect to all matters voted upon at the Meeting, filed SEDAR+. Details of the vote are set out below:

	Votes cast FOR	% of votes cast FOR		Votes cast AGAINST	% of votes cast AGAINST
Appointment of Auditors	613,647,290	99.7%		1,832,404	0.3%
Corporate Continuation Resolution	582,677,814	99.8%		1,126,814	0.2%
Board Size Resolution	612,560,714	99.5%		2,197,977	0.5%
Name Change Resolution	613,282,448	99.6%		2,197,245	0.4%

ABOUT DISCOVERY

Discovery is a growing precious metals company that is creating value for stakeholders through exposure to gold, silver and other critical minerals. The Company’s silver exposure comes primarily from its first asset, the 100%-owned Cordero project, one of the world’s largest undeveloped silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico. In April 2025, Discovery acquired the Porcupine Complex, transforming the Company into a new Canadian gold producer with multiple operations, attractive growth projects and significant exploration upside in one of the world’s most renowned gold camps in and near Timmins, Ontario. The acquisition of the Kidd Operations in June 2026 further increased Discovery’s land position within the camp, provided valuable infrastructure that will support the Company’s efforts to more than double annual gold production, and added critical minerals (copper, zinc and silver) to the Company’s current production profile.   

On Behalf of the Board of Directors,

Tony Makuch, P.Eng.
President, CEO & Chairman

For further information contact:         
Mark Utting, CFA
SVP Investor Relations
Phone: 416-806-6298
Email: mark.utting@dsvmining.com
Website: www.dsvmining.com

FAQ

What did Discovery Mining (OTCQX: DSVSF) announce from its June 22, 2026 AGM?

Discovery Mining announced AGM results showing strong shareholder support for all resolutions, including a corporate name change. According to Discovery, investors approved director elections, auditor appointment, corporate continuation to Ontario law, and board-size flexibility with voting support generally above 99% for key resolutions.

How was the Discovery Mining (DSVSF) name change from Discovery Silver approved?

Shareholders approved changing the name to Discovery Mining Ltd. with 99.6% of votes cast FOR. According to Discovery, the new name reflects its evolution into a growing gold producer with a production profile that also includes copper, zinc, silver and the advancing Cordero silver project.

What were the director election results at Discovery Mining’s June 22, 2026 AGM?

All six director nominees were elected with at least 94.1% of votes cast FOR. According to Discovery, support ranged from 94.1% for Daniel Vickerman to 99.6% for Ingrid Hibbard, indicating broad shareholder backing of the company’s current board composition.

Which resolutions besides the name change passed at Discovery Mining’s 2026 AGM?

Shareholders approved auditor appointment, corporate continuation, and a board-size resolution with over 99% support. According to Discovery, PricewaterhouseCoopers was reappointed auditor, the company will continue under Ontario’s Business Corporations Act, and directors can set board size within article limits.

How does the Porcupine Complex acquisition affect Discovery Mining’s gold production?

The April 2025 Porcupine Complex acquisition transformed Discovery into a Canadian gold producer with multiple operations. According to Discovery, the asset base in the Timmins camp offers attractive growth projects and exploration upside, enhancing exposure to gold alongside its significant Cordero silver project in Mexico.

What is the impact of the June 2026 Kidd Operations acquisition on Discovery Mining?

The Kidd Operations acquisition increased Discovery’s land position and added critical minerals to its production profile. According to Discovery, Kidd provides infrastructure supporting efforts to more than double annual gold production, while also contributing copper, zinc and silver output within the renowned Timmins-area mining camp.

What metals and projects are central to Discovery Mining’s current strategy?

Discovery Mining focuses on gold, silver and other critical minerals across Canada and Mexico. According to Discovery, key assets are the 100%-owned Cordero silver project in Chihuahua and Canadian operations in the Porcupine Complex and Kidd Operations near Timmins, supporting growth and diversification.