Capitan Silver Announces Results of Annual General and Special Meeting of Shareholders

Executive Summary

• Capitan Silver Corp. held its annual general and special meeting of shareholders on June 12, 2026, with approximately 51.13% of outstanding shares participating in the vote.
• Shareholders overwhelmingly approved the reappointment of auditors, ratification of the shareholder rights plan, and approval of a 10% fixed omnibus equity incentive plan reserving 12.8 million shares.
• All management nominees were elected to the Board, and John-Mark Staude completed his term as Director and Chairman of the Board.

Key Details

• Voting Participation: 65,819,634 common shares voted, representing ~51.13% of issued and outstanding shares.
• Auditor Reappointment: Davidson & Company LLP reappointed for the ensuing year (99.991% in favor); Board authorized to fix remuneration.
• Shareholder Rights Plan: Ratified and approved (99.797% in favor).
• Omnibus Equity Incentive Plan: Approved (99.740% in favor); aggregate maximum of 12,800,000 Common Shares reserved for issuance.
• Director Election Results:
• Alberto Orozco: 99.846% For
• Arturo Bonillas: 98.130% For
• Graham Scott: 99.798% For
• Fernando Alanís Ortega: 99.933% For
• Leadership Transition: John-Mark Staude completed his term as Director and Chairman of the Board effective prior to the meeting (served since August 14, 2020).
• Reference Documents: Management information circular dated May 7, 2026 is available on SEDAR+.

Notable Quotes

• Alberto Orozco, CEO: "On behalf of the Board of Directors and management of Capitan Silver, I would like to thank John-Mark for his contributions and commitment to the Company. We are grateful for John-Mark's service - both during his time on the Capitan Board and in the early days of forming the Company - and wish him the best in his future endeavours."