Pan American Silver Announces Annual Meeting and Special Meeting Results

Vancouver, British Columbia – Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) (“Pan American” or the “Company”) announces the voting results of its annual general and special meeting of shareholders held in Vancouver, British Columbia on May 8, 2024 (the “Meeting “) “). All matters voted on at the meeting are described in detail in the Company’s Management Information Circular dated March 14, 2024, which is available on the Company’s website at https://www.panamericansilver.com/invest/financial-reports-and -Submissions/.

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A total of 239,393,813 common shares were represented at the meeting, representing 65.65% of the Company’s issued and outstanding common shares as of the Record Date. Shareholders voted on all matters raised before the meeting, including setting the number of directors at nine, electing directors nominated by management, appointing auditors for the following year and accepting the Company’s approach to executive compensation, as known as “say-on-pay”.

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*Number of directors*
resolution	vote for	Vote against
Resolution to set the size of the Board of Directors at nine directors	237,772,506 (99.32%)	1,619,245 (0.68%)

*Election of directors*
Nominated Director	vote for	Votes withheld
John Begeman	200,525,205 (98.51%)	3,030,303 (1.49%)
Neil de Gelder	155,130,986 (76.21%)	48,426,520 (23.79%)
Chantal Gosselin	200,913,024 (98.70%)	2,644,483 (1.30%)
Charles Jeannes	197,654,146 (97.10%)	5,901,360 (2.90%)
Kimberly Keating	192,508,924 (94.57%)	11,048,583 (5.43%)
Jennifer Maki	199,576,688 (98.04%)	3,980,819 (1.96%)
Kathleen Sendall	199,792,581 (98.15%)	3,764,926 (1.85%)
Michael Steinman	201,425,944 (98.95%)	2,131,562 (1.05%)
Gillian Winckler	199,752,594 (98.13%)	3,804,913 (1.87%)

Walter Segsworth and Alexander Davidson did not stand for re-election at the meeting. The Board and Pan American would like to thank Mr. Segsworth for his wisdom and expertise during his 15-year tenure as a director of the Company and thank Mr. Davidson for his contributions to the Company since his election in May 2023.

*Appointment of the auditor*
resolution	vote for	Votes withheld
Resolution to appoint Deloitte LLP as auditors of the Company until the next annual general meeting and to authorize the directors of the Company to determine the remuneration payable to the auditors of the Company	204,053,173 (85.43%)	34,790,758 (14.57%)

*Say on Pay*
resolution	vote for	Vote against
Advisory Resolution Approving the Company’s Approach to Executive Compensation	140,848,397 (69.19%)	62,713,097 (30.81%)

About Pan American

Pan American Silver is a leading silver and gold producer in the Americas and operates mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. We also own the Escobal mine in Guatemala, which is not currently operating, and we have interests in exploration and development projects. We have been operating in the Americas for three decades and have earned an industry-leading reputation for sustainability performance, operational excellence and prudent financial management. Our headquarters are in Vancouver, BC and our shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “PAAS.”

Learn more at https://www.panamericansilver.com/