TRX Gold Reports 2024 Annual Meeting Voting Results and Welcomes New Director

Core Points - TRX Gold Corporation held its Annual General and Special Meeting on February 27, 2025, with 123,954,147 common shares voted, representing 43.98% of the issued and outstanding shares [1] - All items of business were approved by shareholders, including the appointment of five directors and the renewal of the Omnibus Equity Incentive Plan [1] - John McVey was welcomed as a new member of the Board of Directors, bringing extensive experience in engineering and construction [1][2] Voting Results - The number of directors was set at five, with 121,582,773 votes in favor (98.09%) and 2,371,374 against (1.91%) [1] - Stephen Mullowney was appointed as a director with 121,454,345 votes in favor (98.26%) [1] - Dr. Norman Betts received 84,511,871 votes in favor (97.92%) for his appointment as a director [1] - Shubo Rakhit was appointed as a director with 84,338,957 votes in favor (97.72%) [1] - Richard J. Steinberg received 83,862,461 votes in favor (97.17%) for his appointment [1] - John McVey was appointed as a director with 84,534,226 votes in favor (97.94%) [1] - The appointment of Dale Matheson Carr-Hilton Labonte LLP as auditors was approved with 121,526,104 votes in favor (98.04%) [1] - The renewal of the Company's Omnibus Equity Incentive Plan was approved with 87.85% in favor [1] - The continuance to the jurisdiction of British Columbia was approved with 96.48% in favor [1] Company Overview - TRX Gold is advancing the Buckreef Gold Project, which has a Measured and Indicated Mineral Resource of 35.88 million tonnes at 1.77 grams per tonne gold, containing 2,036,280 ounces of gold [3] - The Inferred Mineral Resource is 17.8 million tonnes at 1.11 grams per tonne gold, containing 635,540 ounces of gold [3] - The leadership team aims to increase gold production to generate positive cash flow for exploratory drilling and project development [3] - The company adheres to high environmental, social, and corporate governance standards, particularly in the Geita Region, Tanzania [3]