PR Newswire | May 13, 2021 06:49PM EDT

05/13 17:48 CDT

Pan American Silver Announces Results of Annual General and Special Meeting VANCOUVER, BC, May 13, 2021

VANCOUVER, BC, May 13, 2021 /PRNewswire/ - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American Silver" or the "Company") today reported the voting results from its annual general and special meeting of shareholders held May 12, 2021 in Vancouver, British Columbia (the "Meeting"). Each of the matters voted upon at the Meeting is described in detail in the Company's Management Information Circular dated March 22, 2021, which is available on the Company's website at panamericansilver.com.

A total of 136,374,011 common shares were represented at the meeting, being 64.86% of the Company's issued and outstanding common shares. Shareholders voted in favour of all matters brought before the meeting, including the appointment of auditors for the ensuing year and the authorization of the directors to fix the auditor's remuneration, the acceptance of the Company's approach to executive compensation, known as "say-on-pay", and the election of management's nominees as directors.

Election of Directors

Director Nominee Votes For Votes Withheld

Michael Carroll 111,010,095 (99.20%) 891,168 (0.80%)

Neil de Gelder 110,884,716 (99.09%) 1,016,547 (0.91%)

Charles Jeannes 111,683,099 (99.81%) 218,164 (0.19%)

Jennifer Maki 110,623,173 (98.86%) 1,278,089 (1.14%)

Walter Segsworth 107,585,690 (96.14%) 4,314,897 (3.86%)

Kathleen Sendall 111,601,152 (99.73%) 300,111 (0.27%)

Michael Steinmann 111,676,384 (99.80%) 224,878 (0.20%)

Gillian Winckler 110,652,742 (98.88%) 1,248,520 (1.12%)

As previously announced on February 3, 2021, Ross Beaty retired from the Company's Board of Directors and has been designated Chair Emeritus. Gillian Winckler has been appointed the Company's new Chair. We are also pleased to announce the election of Jennifer Maki to the Company's Board.

Say-on-Pay

Resolution Votes For Votes Against

Advisory resolution approving the Company's 107,732,793 4,168,466approach to (96.27%) (3.73%)executive compensation

Appointment of Auditor

Resolution Votes For Votes Withheld

Resolution to appoint Deloitte LLP as auditors 131,243,779 5,130,231of the Company (96.24%) (3.76%)until its next annual general meeting

About Pan American SilverPan American Silver owns and operates silver and gold mines located in Mexico, Peru, Canada, Argentina and Bolivia. We also own the Escobal mine in Guatemala that is currently not operating. As the world's second largest primary silver producer with the largest silver reserve base globally, we provide enhanced exposure to silver in addition to a diversified portfolio of gold producing assets. Pan American Silver has a 27-year history of operating in Latin America, earning an industry-leading reputation for corporate social responsibility, operational excellence and prudent financial management. We are headquartered in Vancouver, B.C. and our shares trade on NASDAQ and the Toronto Stock Exchange under the symbol "PAAS".

Learn more at panamericansilver.com.

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SOURCE Pan American Silver Corp.