Discovery Announces Annual General and Special Meeting Results

Rhea-AI Summary

Discovery Silver Corp. (OTCQX: DSVSF) held its Annual General and Special Meeting on June 25, 2025, where shareholders demonstrated strong support for all proposed measures. The meeting saw overwhelming approval for all six director nominees, with approval ratings ranging from 96.46% to 99.95%.

Shareholders also approved key corporate governance items including the appointment of PricewaterhouseCoopers LLP as auditors, the Long Term Incentive Plan, amendments to the Deferred Share Unit Plan, and various share-related allocations. All measures received strong support with approval rates above 92%.

Discovery is a North American precious metals company with two main assets: the Cordero silver project in Mexico and the recently acquired Porcupine Complex in Timmins, Ontario, which was purchased from Newmont Corporation in April 2025.

TORONTO, June 26, 2025 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today announced the results of voting at its Annual General and Special Meeting held on June 25, 2025. Shareholders voted overwhelming 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	% of Votes WITHHELD
Murray John	570,029,612	99.25%	4,318,461	0.75%
Anthony Makuch	574,035,499	99.95%	312,574	0.05%
Barry Olson	573,848,566	99.91%	499,507	0.09%
Jeffrey Parr	573,980,552	99.94%	367,521	0.06%
Moira Smith	571,336,863	99.48%	2,981,210	0.52%
Daniel Vickerman	553,994,408	96.46%	20,353,665	3.54%

Shareholders also voted in favour of: (i) appointing PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the ensuing year; (ii) the Long Term Incentive Plan of the Company; (iii) amendments to the Company’s Deferred Share Unit Plan (the “DSU Plan”); (iv) the approval of all unallocated deferred share units under the DSU Plan; (v) the approval of all unallocated restricted share units under the Company’s former restricted share unit plan; and (vi) the approval of all unallocated stock options under the Company’s stock option plan.

Further details on these items can be found in the Company’s Management Information Circular dated May 6, 2025 and filed on 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	601,537,503	99.91%	560,977	0.09%
Long Term Incentive Plan	538,836,367	93.82%	35,511,706	6.18%
Deferred Share Unit Plan	534,902,444	93.13%	39,445,629	6.87%
Unallocated DSUs	534,646,444	93.13%	39,445,629	6.87%
Unallocated restricted share units	534,656,921	93.09%	39,691,152	6.91%
Unallocated Options	534,034,377	92.98%	40,313,696	7.02%

ABOUT DISCOVERY

Discovery is a growing North American-focused precious metals company. The Company has exposure to silver through 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. On April 15, 2025, Discovery completed the acquisition of the Porcupine Complex from Newmont Corporation, transforming the Company into a new Canadian gold producer with multiple operations in one of the world’s most renowned gold camps in and near Timmins, Ontario. Discovery owns a dominant land position within the camp, with a large base of Mineral Resources remaining and substantial growth and exploration upside.

On Behalf of the Board of Directors,

Tony Makuch, Peng
President, CEO & Director

For further information contact:

Mark Utting, CFA
SVP Investor Relations
Phone: 416-806-6298
Email: mark.utting@discoverysilver.com
Website: www.discoverysilver.com

FAQ

What were the voting results for Discovery Silver's (DSVSF) 2025 Annual General Meeting?

Shareholders showed strong support with all director nominees receiving over 96% approval. Other measures including auditor appointment, incentive plans, and share allocations received approval rates above 92%.

Who are the current board members of Discovery Silver (DSVSF)?

The board members confirmed at the 2025 AGM are Murray John, Anthony Makuch, Barry Olson, Jeffrey Parr, Moira Smith, and Daniel Vickerman, all receiving over 96% approval from shareholders.

What major assets does Discovery Silver (DSVSF) own?

Discovery Silver owns two major assets: the 100%-owned Cordero silver project in Chihuahua, Mexico (one of the world's largest undeveloped silver deposits) and the Porcupine Complex in Timmins, Ontario, acquired from Newmont in April 2025.

When did Discovery Silver acquire the Porcupine Complex?

Discovery Silver completed the acquisition of the Porcupine Complex from Newmont Corporation on April 15, 2025, establishing itself as a new Canadian gold producer in the Timmins mining camp.