Turquoise Hill Announces Results of Voting for Directors

Rhea-AI Summary

Turquoise Hill Resources Ltd. (TSX: TRQ, NYSE: TRQ) has confirmed the election of eight management nominees as directors during its annual shareholder meeting on May 11, 2022. The voting results revealed significant support, with percentages of votes in favor ranging from 83.93% to 89.30% for individual nominees. The company continues to focus on developing the Oyu Tolgoi copper-gold mine in Mongolia, which is its primary asset. Further details on the meeting outcomes will be filed on SEDAR.

Positive

• Eighty percent or more votes in favor for all elected directors indicates strong shareholder support.
• Strategic focus on the Oyu Tolgoi copper-gold mine, which is a significant asset for the company.

Negative

• None.

MONTREAL--(BUSINESS WIRE)-- Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) (“Turquoise Hill” or the “Company”) today announced that the nominees set forth in its management proxy circular dated March 30, 2022 were elected as directors of Turquoise Hill. The detailed results of the vote for the election of directors held at the annual meeting of shareholders, which took place on May 11, 2022, are set out below.

Election of Directors

According to votes received, each of the following eight management nominees was elected as a director of Turquoise Hill to hold office until the Company’s next annual meeting of shareholders or until the director’s successor is elected or appointed, with the following results:

Name of Nominee			Votes For			% For			Votes Withheld			% Withheld
George Burns			146,135,699			89.30%			17,515,069			10.70%
Caroline Donally			146,039,082			89.24%			17,611,686			10.76%
R. Peter Gillin			137,359,012			83.93%			26,291,756			16.07%
Alfred P. Grigg			141,613,637			86.53%			22,037,131			13.47%
Stephen Jones			143,288,704			87.56%			20,362,064			12.44%
Russel C. Robertson			142,576,987			87.12%			21,073,781			12.88%
Maryse Saint-Laurent			142,659,877			87.17%			20,990,891			12.83%
Steve Thibeault			145,569,018			88.95%			18,081,750			11.05%

Final results on all matters voted on at the annual meeting of shareholders will be filed on SEDAR.

About Turquoise Hill Resources

Turquoise Hill is an international mining company focused on the operation and continued development of the Oyu Tolgoi copper-gold mine in Mongolia, which is the Company’s principal and only material mineral resource property. Turquoise Hill’s ownership of the Oyu Tolgoi mine is held through a 66% interest in Oyu Tolgoi LLC (Oyu Tolgoi); Erdenes Oyu Tolgoi LLC (Erdenes), a Mongolian state-owned entity, holds the remaining 34% interest.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220506005541/en/

Investors and Media

Roy McDowall

roy.mcdowall@turquoisehill.com

Follow us on Twitter @TurquoiseHillRe

Source: Turquoise Hill Resources Ltd.

FAQ

What were the voting results for Turquoise Hill Resources' board election on May 11, 2022?

The eight management nominees received between 83.93% to 89.30% support from shareholders during the election.

Who were elected as directors of Turquoise Hill Resources in 2022?

The elected directors included George Burns, Caroline Donally, R. Peter Gillin, Alfred P. Grigg, Stephen Jones, Russel C. Robertson, Maryse Saint-Laurent, and Steve Thibeault.

What is the main focus of Turquoise Hill Resources?

Turquoise Hill Resources primarily focuses on the operation and development of the Oyu Tolgoi copper-gold mine in Mongolia.

When was the annual meeting of Turquoise Hill Resources held?

The annual meeting of shareholders was held on May 11, 2022.

What is the stock symbol for Turquoise Hill Resources?

The stock symbol for Turquoise Hill Resources is TRQ.