Group Eleven Provides Results of Annual General Meeting

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Group Eleven Resources (OTCQB: GRLVF) reported that all resolutions were approved at its annual general meeting held on August 11, 2026 in Vancouver. A total of 110,143,141 common shares were represented, equal to 39.008% of the votes attached to outstanding shares as of the record date.

All director nominees in the circular were elected, with support levels generally above 94% of votes cast. Davidson & Company was re-appointed as auditor with 109,856,469 votes for (99.740%) and 286,672 withheld (0.260%). The stock option plan was also approved, receiving 90,571,093 votes for (99.545%) and 414,076 against (0.455%).

Following the AGM, the board re-appointed Bart Jaworski (CEO), Jasmine Lau (CFO), David Furlong (COO), Daniel MacInnis (independent chair) and Sheryl Dhillon (corporate secretary). Alessandro Bitelli did not stand for re-election. The company granted 150,000 stock options to new director Barry O'Shea, vesting over two years at an exercise price of $0.84 per share, subject to regulatory approval.

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Vancouver, British Columbia--(Newsfile Corp. - August 11, 2026) - Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce that all resolutions were passed by the requisite majority at its annual general meeting ("AGM") held in Vancouver, British Columbia on August 11, 2026.

Annual General Meeting Results

A total of 110,143,141 common shares were represented at the AGM, representing 39.008% of the votes attached to all outstanding common shares as at the record date. All of the matters submitted to the shareholders for approval as set out in the Company's notice of meeting and information circular (the "Circular") dated June 29, 2026, were approved by the requisite majority of votes cast at the AGM.

Item 1. Election of Directors

At the Meeting all director nominees listed in the Circular were elected as directors of the Company.

Director	Vote Type	Number of Votes	Percentage of Votes
Daniel MacInnis	For Withheld	90,981,469 3,700	99.996% 0.004%
Barry O'Shea	For Withheld	90,980,969 4,200	99.995% 0.005%
Brendan Cahill	For Withheld	90,963,959 21,210	99.977% 0.023%
Bart Jaworski	For Withheld	90,271,529 713,640	99.216% 0.784%
Franz Bollmann	For Withheld	90,977,969 7,200	99.992% 0.008%
Michael Gentile	For Withheld	86,140,734 4,844,435	94.676% 5.324%

 

Item 2. Appointment of Auditor

Davidson & Company, Chartered Public Accountants, were re-appointed as auditors of the Company.

Votes For	% of Votes	Votes Withheld	% of Votes
109,856,469	99.740%	286,672	0.260%

 

Item 3. Approval of Stock Option Plan

Equity Plan	Vote Type	Number of Votes	Percentage of Votes
Stock Option Plan	For Against	90,571,093 414,076	99.545% 0.455%

 

Following the AGM, the board of directors re-appointed Bart Jaworski as CEO, Jasmine Lau as CFO, David Furlong as COO, Daniel MacInnis as Chairman (independent) and Sheryl Dhillon as Corporate Secretary. Alessandro Bitelli did not stand for re-election at the AGM. Group Eleven would like to sincerely thank the Company's shareholders for their continued strong support.

The Company also announces that it has granted incentive stock options to Barry O'Shea, a new director of the Company elected at the AGM (see news release dated June 25, 2026, for further information), to purchase up to 150,000 common shares in the capital stock of the Company. These options vest over a period of two years from the date of grant, at an exercise price of $0.84 per share. All options granted are subject to regulatory approval.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) is a mineral exploration company focused on advanced stage zinc-silver-copper-germanium exploration in Ireland. Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463

E: j.lau@groupelevenresources.com | T: 604-781-4915

Neither 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/309263

FAQ

What were the key results of Group Eleven’s 2026 AGM for GRLVF shareholders?

All resolutions at Group Eleven’s August 11, 2026 AGM were approved by the requisite majority. According to Group Eleven, shareholders elected all nominated directors, re-appointed the auditor, and approved the stock option plan, with turnout representing 39.008% of outstanding common share votes.

How many Group Eleven (GRLVF) shares were represented at the 2026 annual general meeting?

At the 2026 AGM, 110,143,141 Group Eleven common shares were represented. According to Group Eleven, this equaled 39.008% of the votes attached to all outstanding common shares as of the record date, forming the basis for all resolutions approved at the meeting.

Which directors were elected at Group Eleven’s August 11, 2026 AGM for GRLVF?

All director nominees in the June 29, 2026 circular were elected to Group Eleven’s board. According to Group Eleven, nominees including Daniel MacInnis, Barry O’Shea, Brendan Cahill, Bart Jaworski, Franz Bollmann and Michael Gentile each received strong majority support from votes cast.

Was the stock option plan approved at Group Eleven’s 2026 AGM for GRLVF investors?

Yes, the stock option plan was approved at the 2026 AGM. According to Group Eleven, the plan received 90,571,093 votes for (99.545%) and 414,076 votes against (0.455%), confirming shareholder support for the company’s equity-based incentive compensation framework.

What auditor did Group Eleven (GRLVF) re-appoint at the 2026 annual meeting?

Group Eleven re-appointed Davidson & Company, Chartered Public Accountants, as auditor at the 2026 AGM. According to Group Eleven, the auditor received 109,856,469 votes for (99.740%) and 286,672 votes withheld (0.260%), maintaining continuity in the company’s external audit services.

What stock options were granted to new director Barry O’Shea after Group Eleven’s 2026 AGM?

After the AGM, Group Eleven granted Barry O’Shea options to purchase up to 150,000 common shares. According to Group Eleven, these options vest over two years from grant date, have a $0.84 exercise price per share, and remain subject to regulatory approval.

Were there any notable board or management changes at Group Eleven (GRLVF) following the 2026 AGM?

Following the AGM, existing executives and chair were re-appointed to their roles. According to Group Eleven, Bart Jaworski (CEO), Jasmine Lau (CFO), David Furlong (COO), Daniel MacInnis (independent chair) and Sheryl Dhillon (corporate secretary) continue, while Alessandro Bitelli did not stand for re-election.