Jaguar Announces Voting Results for its Annual General Meeting of Shareholders

Rhea-AI Summary

Jaguar Mining Inc. reported the results from its annual general meeting held on June 3, 2022. All nominees for the board of directors were successfully elected, with votes for ranging from 93.38% to 99.755%. The appointment of auditors was approved with 99.325% of votes in favor. Additionally, the company's stock option plan gained majority approval at 89.267%. Jaguar operates in Brazil, with key assets including the Turmalina and Caeté Mining Complexes. The voting results can be found on Jaguar's profile at www.sedar.com.

Positive

• Election of all nominated directors with high approval rates ranging from 93.38% to 99.755%.
• Approval of auditors with 99.325% of votes in favor.
• Majority approval (89.267%) for the stock option plan, indicating shareholder support.

Negative

• Majority of votes against the stock option plan (10.733%), reflecting some shareholder dissent.

TORONTO, ON / ACCESSWIRE / June 3, 2022 / Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX:JAG) is pleased to announce the voting results from its annual general meeting of shareholders held on June 3, 2022.

Election of Directors

Each of the nominees for election as directors listed in the Company's management information circular dated April 28, 2022 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	45,650,958	99.714%	130,928	0.286%
Benjamin Guenther	45,637,687	99.685%	144,289	0.315%
Luis Ricardo Miraglia	45,669,800	99.755%	112,176	0.245%
Thomas Weng	42,751,072	93.380%	3,030,904	6.620%
John Ellis	44,359,636	96.893%	1,422,340	3.107%
Shastri Ramnath	45,667,502	99.750%	114,474	0.250%
Mary-Lynn Oke	45,669,081	99.753%	112,895	0.247%

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
47,993,169	99.325%	326,051	0.675%

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)
40,793,723	89.267%	4,904,636	10.733%	83,617

Voting results for all resolutions can also be found under Jaguar's profile at www.sedar.com.

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 Turmalina Gold Mine Complex and Caeté Mining Complex (Pilar and Roça Grande Mines, and Caeté Plant). The Company also owns the Paciência Gold Mine Complex, which has been on care and maintenance since 2012. The Roça Grande Mine has been on temporary care and maintenance since April 2019. Additional information is available on the Company's website at www.jaguarmining.com.

For further information please contact:

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

Hashim Ahmed
Chief Financial Officer
Jaguar Mining Inc.
hashim.ahmed@jaguarmining.com
416-847-1854

SOURCE: Jaguar Mining Inc.

View source version on accesswire.com:
https://www.accesswire.com/703895/Jaguar-Announces-Voting-Results-for-its-Annual-General-Meeting-of-Shareholders

FAQ

What were the results of Jaguar Mining's annual general meeting on June 3, 2022?

All director nominees were elected with votes ranging from 93.38% to 99.755%, indicating strong shareholder support.

How many shareholders voted for the appointment of auditors at Jaguar Mining?

The appointment of auditors received 99.325% of votes in favor.

What percentage of shareholders approved the stock option plan at Jaguar Mining?

The stock option plan was approved by 89.267% of shareholders, although 10.733% voted against it.

What is the significance of the voting results for Jaguar Mining's directors?

The high approval rates suggest strong confidence from shareholders in the board's direction and strategy.

Where can I find the complete voting results for Jaguar Mining's annual meeting?

The complete voting results are available on Jaguar Mining's profile at www.sedar.com.