Jaguar Mining Announces Voting Results for Its Annual and Special Meeting of Shareholders

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Jaguar Mining (TSX:JAG) announced the voting results from its Annual and Special Meeting held on June 20, 2025. All proposed resolutions were successfully passed. Seven directors were elected with strong shareholder support, with approval rates ranging from 86.21% to 99.61%. Vernon Baker received the highest approval at 99.61%, while Thomas Weng received the lowest at 86.21%. The appointment of auditors was approved with 98.02% of votes in favor. The company's 10% rolling stock option plan was re-approved with 86.89% of eligible votes supporting the measure, excluding insider votes. A total of 33,836,880 insider shares were not eligible to vote on the stock option plan.

TORONTO, ON / ACCESS Newswire / June 20, 2025 / Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX:JAG) is pleased to announce the voting results from its Annual and Special Meeting of shareholders held on June 20, 2025. All of the resolutions proposed at the meeting were duly passed.

Election of Directors

Each of the nominees for election as directors listed in the Company's management information circular dated May 1, 2025, were elected as directors of the Company for the ensuing year or until their successors are elected or appointed.

The voting results for the election of directors were as follows:

Nominee	Votes For	% For	Votes Withheld	% Withheld
William J. Kennedy	47,587,484	94.885%	2,565,412	5.115%
Benjamin Guenther	49,834,866	99.366%	318,030	0.634%
Luis Ricardo Miraglia	49,096,065	97.893%	1,056,831	2.107%
Thomas Weng	43,237,140	86.211%	6,915,756	13.789%
Shastri Ramnath	49,928,943	99.553%	223,953	0.447%
Mary-Lynn Oke	49,944,119	99.584%	208,777	0.416%
Vernon Baker	49,954,745	99.605%	198,151	0.395%

Other Items

Appointment of Auditors

The voting results for the appointment of the auditors of the Company, as well as authorizing the directors to fix the auditors' remuneration and the terms of their engagement, were as follows:

Votes For	% For	Votes Withheld	% Withheld
51,754,398	98.022%	1,044,493	1.978%

Re-approval of Stock Option Plan (Majority of Minority)

The voting results for the ratification and re‐approval of the Company's 10% rolling stock option plan, and ratifying and approving certain stock option grants made thereunder, were as follows:

Votes For	% For	Votes Against	% Against	Not Eligible to Vote (Insiders)
14,176,656	86.888%	2,139,360	13.112%	33,836,880

Voting results for all resolutions can also be found under the Company's SEDAR+ profile page at www.sedarplus.ca.

About Jaguar Mining Inc.

Jaguar Mining Inc. is a Canadian-listed junior gold mining, development, and exploration company operating in Brazil with three gold mining complexes and a large land package with significant upside exploration potential from mineral claims. The Company's principal operating assets are located in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the MTL Mining Complex (Turmalina mine and plant) and Caeté Mining Complex (Pilar and Roça Grande mines, and Caeté plant). The Roça Grande mine has been on temporary care and maintenance since April 2019. The Company also owns the Paciência Mining Complex (Santa Isabel mine and plant), which had been on care and maintenance since 2012 and is planned to restart in 2025. Additional information is available on the Company's website at www.jaguarmining.com.

For further information please contact:

Vernon Baker
Chief Executive Officer
vernon.baker@jaguarmining.com
416-847-1854

Marina de Freitas
Interim Chief Financial Officer
marina.freitas@jaguarmining.com.br
+55 31-98463-5344

SOURCE: Jaguar Mining Inc.

View the original press release on ACCESS Newswire

FAQ

What were the voting results for Jaguar Mining's 2025 Annual Meeting?

All resolutions passed successfully, with directors receiving approval rates between 86.21% and 99.61%, auditors approved with 98.02%, and the stock option plan receiving 86.89% support from eligible voters.

Who received the highest and lowest approval votes among Jaguar Mining's directors in 2025?

Vernon Baker received the highest approval at 99.61%, while Thomas Weng received the lowest approval at 86.21% of votes.

What was the result of Jaguar Mining's stock option plan vote in 2025?

The 10% rolling stock option plan was approved with 86.89% of eligible votes in favor, with 33,836,880 insider shares excluded from voting.

How many directors were elected to Jaguar Mining's board in 2025?

Seven directors were elected: William J. Kennedy, Benjamin Guenther, Luis Ricardo Miraglia, Thomas Weng, Shastri Ramnath, Mary-Lynn Oke, and Vernon Baker.