Vancouver, British Columbia--(Newsfile Corp. - June 18, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce the results of its Annual General Meeting (the "Meeting") held today, Wednesday, June 18, 2025 in Vancouver, British Columbia. Shareholders voted as follows on the motions set out in the Company's Notice of Annual General Meeting dated May 14, 2025.
A total of 75,415,346 votes were cast at the Meeting, representing 48.989% of the total shares outstanding eligible to vote.
Election of Directors
The number of directors was set at five with 99.959% shares represented at the meeting voting in favour.
| Nominee | % For | % Abstain |
| Alexander Langer | 99.871% | 0.129% |
| Greg Smith | 99.952% | 0.048% |
| Alejandro Caraveo-Vallina | 99.958% | 0.042% |
| Jorge Ramiro Monroy | 99.946% | 0.054% |
| Sean McGrath | 99.960% | 0.040% |
Appointment of Auditors
Shareholders also re-appointed Davidson & Company LLP, Chartered Professional Accountants as auditors; 99.954% of shares represented at the meeting voted in favour.
Approval of Stock Option Plan
The Company's current form of 10% Rolling Stock Option Plan (the "Stock Option Plan" or the "Plan"), as more fully set forth in the Company's Information Circular dated May 14, 2025, was also approved by shareholders; 99.936% of shares represented at the meeting voted in favor.
About Sierra Madre
Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) is a precious metals development and exploration company focused on the Guitarra mine in the Temascaltepec mining district, Mexico, and the exploration and development of its Tepic property in Nayarit, Mexico. The Guitarra mine is a permitted underground mine, which includes a 500 t/d processing facility that operated until mid-2018 and restarted commercial production in January 2025.
The +2,600 ha Tepic Project hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource.
Sierra Madre's management team has played key roles in managing the exploration and development of silver and gold mineral reserves and mineral resources. Sierra Madre's team of professionals has collectively raised over $1 billion for mining companies.
On behalf of the board of directors of Sierra Madre Gold and Silver Ltd.,
"Alexander Langer"
Alexander Langer
President, Chief Executive Officer and Director
778-820-1189
Contact:
investor@sierramadregoldandsilver.com
Cautionary Note Regarding Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements include, without limitation, statements regarding discussions of future plans, including the expected timing of concentrate shipments; the Company increasing production; the Company receiving revenues on a weekly basis and such revenues allowing the Company to comfortably expand to without further capital needs; production and the expected timing and production levels thereof.
The forward-looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that predicted production levels will be achieved and that existing production levels will be maintained.
In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the Company will be able to execute its future plans as intended, that predicted production levels will be achieved and that existing production levels will be maintained.
Although management of the Company has attempted identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes.
SOURCE: Sierra Madre Gold and Silver Ltd.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256098
SOURCE: Sierra Madre Gold & Silver
