Erdene Announces Results of Annual and Special Meeting of Shareholders

Core Points - Erdene Resource Development Corporation's shareholders voted in favor of all items at the Annual and Special Meeting held on June 25, 2025 [1] Group 1: Board and Executive Appointments - Shareholders approved management's nominees to the board of directors with high support, including Peter C. Akerley (99.76% for), Dr. Anna G. Biolik (99.61% for), T. Layton Croft (99.42% for), Kenneth W. MacDonald (99.76% for), and Cameron McRae (99.76% for) [2] - The board appointed Peter Akerley as President and CEO, T. Layton Croft as Chairman, Robert Jenkins as CFO, and Suzan Frazer as Corporate Secretary for the upcoming year [3] Group 2: Auditor and Rights Plan - MNP LLP was appointed as the Auditor of the Company until the next annual general meeting, with directors authorized to fix the Auditor's remuneration [4] - Shareholders approved the termination of the Company's shareholder rights plan effective June 26, 2025 [5] Group 3: Share Consolidation - A special resolution for the consolidation of all issued and outstanding common shares on a basis of one post-consolidated share for every six pre-consolidated shares was approved [6] - The board has been authorized to determine the effective date of the consolidation or to decide against proceeding without further shareholder approval [7] - The consolidation is subject to final approval from the Toronto Stock Exchange, with additional details available in the Company's management information circular [8] Group 4: Company Overview - Erdene Resource Development Corp. is focused on bringing the Bayan Khundii Gold Mine into production in late 2025 and is involved in the acquisition, exploration, and development of precious and base metals in Mongolia [9]