Discovery Silver Announces Annual General Meeting Results
TORONTO, May 12, 2023 - Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) ("Discovery" or the "Company") is pleased to announce the results of voting at its Annual General Meeting held today. Shareholders voted in favour of the election of all director nominees: Murray John (Chair); Tony Makuch; Jeff Parr; Moira Smith; Daniel Vickerman; and Jennifer Wagner. Details of the votes are set out below:
| Nominee | Votes For | % For | Votes Withheld | % Withheld | ||
| Murray John | 191,925,821 | 99.16 | % | 1,623,825 | 0.84 | % |
| Tony Makuch | 192,037,735 | 99.22 | % | 1,511,911 | 0.78 | % |
| Jeff Parr | 191,943,721 | 99.17 | % | 1,605,925 | 0.83 | % |
| Moira Smith | 191,916,033 | 99.16 | % | 1,633,613 | 0.84 | % |
| Daniel Vickerman | 191,946,456 | 99.17 | % | 1,603,190 | 0.83 | % |
| Jennifer Wagner | 191,884,843 | 99.14 | % | 1,664,803 | 0.86 | % |
Shareholders also voted in favour of (i) appointing PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the ensuing year; (ii) the amendment of the Company's Articles to remove Article 15; (iii) the Amendment and Adoption of the Company's Equity Compensation plans and; (iv) the adoption of Advance Notice Policy. Further details on these items can be found in the Company's Management Information Circular dated March 31, 2023 and filed on SEDAR. Details of the votes are set out below.
| Outcome of Vote | Votes For | % For | Votes Withheld | % Withheld | |||
| Appointment of Auditors | Carried | 208,821,524 | 99.29 | % | 1,494,842 | 0.71 | % |
| Amendment to Articles | Carried | 153,435,872 | 79.27 | % | 40,113,774 | 20.73 | % |
| Amendment and adoption of Equity Compensation plans | Carried | 152,809,074 | 78.95 | % | 40,740,572 | 21.05 | % |
| Adoption of Advance Notice Policy | Carried | 153,591,082 | 79.35 | % | 39,958,564 | 20.65 | % |
About Discovery
Discovery's flagship project is its 100%-owned Cordero project, one of the world's largest silver deposits. The PFS completed in January 2023 demonstrates that Cordero has the potential to be developed into a highly capital efficient mine that offers the combination of margin, size and scalability. Cordero is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico.
On Behalf of the Board of Directors,
Tony Makuch, P.Eng
CEO & Director
For further information contact:
Forbes Gemmell, CFA
VP Corporate Development
Phone: 416-613-9410
Email: forbes.gemmell@discoverysilver.com
Website: www.discoverysilver.com
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