Silver47 Announces AGM Results from its Annual General and Special Meeting of Shareholders

Silver47 Exploration Corp. successfully concluded its annual general and special meeting of shareholders on January 21, 2026, in Vancouver, with all proposed matters receiving shareholder approval. The meeting demonstrated strong shareholder support for the company's governance and strategic direction, as evidenced by unanimous approval across all agenda items.

The shareholders elected a four-member board of directors comprising Gary R. Thompson, Galen McNamara, Thomas O'Neill, and Ryan Goodman, providing continuity in corporate leadership. Additionally, shareholders approved the appointment of MNP, LLP as the company's auditor for the coming year, with the board authorized to determine auditor compensation. Most significantly, shareholders adopted a new omnibus incentive plan that represents a modernization of the company's equity compensation structure.

The newly approved omnibus plan operates as a 10% rolling plan, granting the board flexibility to issue various forms of equity compensation including stock options, restricted share units, performance share units, and deferred share units. With an aggregate of 20,798,878 shares issuable under the plan—representing exactly 10% of the company's outstanding shares as of the meeting date—this structure replaces Silver47's previous share compensation arrangement and provides enhanced tools for talent retention and performance alignment.

For the mining exploration sector, this corporate governance milestone reflects Silver47's commitment to maintaining competitive compensation frameworks necessary to attract and retain key personnel in a challenging market environment. The successful completion of the AGM with full shareholder support positions the company to execute its exploration strategy with a clear mandate and appropriate governance structures in place.