Voting Results of Solitario Annual Meeting Held June 21, 2022

Rhea-AI Summary

Solitario Zinc Corp. (NYSE American: XPL) has announced the results of its Annual General Meeting held on June 21, 2022, where over 51.56% of outstanding shares voted. Key outcomes included the election of seven directors, approval of executive compensation, and the ratification of Plante Moran PLLC as auditors for fiscal year 2022. Notably, the company has ramped up its exploration efforts at the Golden Crest project and commenced drilling at the Lik zinc project in Alaska. Total cash and marketable securities stand at approximately US$7.5 million.

Positive

• Shareholder participation at 51.56%, indicating strong engagement.
• Successful election of all seven proposed directors with high approval rates (ranging from 92.62% to 99.27%).
• Approval of executive compensation by 98.24% of voting shares.
• Ratification of auditors with 98.32% in favor.
• Increased exploration activities at the Golden Crest project and core drilling at the Lik zinc project.
• Strong cash and marketable securities position at approximately US$7.5 million.

Negative

• None.

DENVER, CO / ACCESSWIRE / June 22, 2022 / Solitario Zinc Corp. ("Solitario") (NYSE American:XPL); (TSX:SLR) announces results of its Annual General Meeting of Shareholders at which holders of 33,396,907 shares of common stock or 51.56% of the total outstanding shares eligible to vote as of the record date were present in person or by proxy. The three matters identified below were submitted to a vote of the shareholders. Each proposal is more fully described in Solitario's definitive proxy statement filed with the Securities and Exchange Commission dated April 28, 2022.

Chris Herald, President and CEO of Solitario, commented "We are pleased with the results of this year's Annual Meeting and thank our shareholders for their ongoing support as we strive to create value by moving our projects forward. We would like to officially welcome Debbie Mino-Austin as the newest member to the Company's Board of Directors. With regard to our projects, we have ramped up our 2022 exploration efforts at our Golden Crest project in South Dakota and core drilling has begun at the Lik zinc project in Alaska. We look forward to reporting results on these activities in the coming months."

Report of Voting Results

1. Election of Directors. Seven directors were elected to serve until the next Annual Meeting of Shareholders or until their successors are elected and qualified, with each director receiving the votes (and percentage of shares voting, excluding broker non-votes) below:

	Shares voted
Name						For		(%)		Against				Withheld				Broker Non-Votes
Brian Labadie			23,447,123					(98.74)			52,174			246,485					9,651,125
John Labate			23,144,964					(97.47)			354,020			246,798					9,651,125
James Hesketh			21,993,252					(92.62)			1,645,524			107,005					9,651,126
Christopher E. Herald			23,572,327					(99.27)			54,114			119,341					9,651,125
Gil Atzmon			22,144,213					(93.26)			1,269,348			332,221					9,651,125
Joshua D. Crumb			23,138,489					(97.44)			362,765			244,528					9,651,125
Debbie Mino-Austin			23,574,143					(98.28)			65,147			106,491					9,651,126

2. Advisory Vote on Executive Compensation. The shareholders approved the compensation of Solitario's named executive officers with 23,328,557 shares voting for (98.24 of shares voting), 417,223 shares voting against, and 9,651,127 broker non-votes.

"RESOLVED THAT: Solitario shareholders approve the compensation of Solitario's named executive officers, as disclosed in the Company's proxy statement, dated April 28, 2022, pursuant to the compensation disclosure rules of the Securities and Exchange Commission set forth in Item 402 of Regulation S-K, including, but not limited to, the Compensation Discussion and Analysis, the compensation tables, and any related material disclosed in the proxy statement for the 2022 annual meeting."

3. Appointment of Auditors. The appointment of Plante Moran PLLC as Solitario's auditors for fiscal year 2022 was ratified with 32,837,362 shares voting for (98.32% of shares voting), 215,748 shares voting against, 343,797 shares voting to abstain, and zero broker non-votes.

About Solitario
Solitario is a natural resource exploration and development company focused on high-quality Tier-1 gold and zinc projects. The Company is traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). In addition to its Golden Crest project, Solitario holds 50% joint venture interest (Teck Resources 50%) in the high-grade, Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources holds the remaining 61% interest) on the high-grade Florida Canyon zinc project in Peru. Solitario is carried to production through its joint venture arrangement with Nexa. Solitario's Management and Directors hold approximately 9.3% (excluding options) of the Company's 64.7 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US$7.5 million. Additional information about Solitario is available online at www.solitariozinc.com.

Solitario has a long history of committed Environmental, Social and Responsible Governance ("ESG") of its business. We realize ESG issues are also important to investors, employees and all stakeholders, including communities in which we work. We are pledged to operate our business in a manner that supports environmental and social initiatives and responsible corporate governance.

FOR MORE INFORMATION CONTACT:

Valerie Kimball Director - Investor Relations 720-933-1150 (800) 229-6827

Christopher E. Herald President & CEO (303) 534-1030, Ext. 14

SOURCE: Solitario Zinc Corp.

View source version on accesswire.com:
https://www.accesswire.com/706094/Voting-Results-of-Solitario-Annual-Meeting-Held-June-21-2022

FAQ

What were the results of the Solitario Zinc Corp. Annual General Meeting on June 21, 2022?

The meeting resulted in the election of seven directors, approval of executive compensation, and ratification of auditors, with shareholder participation of 51.56%.

What is the cash position of Solitario Zinc Corp. as of June 2022?

As of June 2022, Solitario Zinc Corp. reported cash and marketable securities of approximately US$7.5 million.

Which new board member was introduced at Solitario Zinc Corp.'s Annual Meeting?

Debbie Mino-Austin was welcomed as the newest member of Solitario Zinc Corp.'s Board of Directors.

What projects are currently being explored by Solitario Zinc Corp.?

Solitario is ramping up exploration at the Golden Crest project in South Dakota and has begun core drilling at the Lik zinc project in Alaska.

How did shareholders vote on executive compensation at Solitario Zinc Corp.?

Shareholders approved the executive compensation with 98.24% voting in favor.