Electrum Discovery Reports Results of its Annual and Special Meetings of Shareholders and Welcomes Michael Williams and John Anderson to the Board of Directors

Core Viewpoint - Electrum Discovery Corp. successfully held its Annual General and Special Meeting, with shareholders approving all items proposed by the Board of Directors and management [1]. Board of Directors - Michael Williams and John Anderson were elected to the Board, replacing Eric Rasmussen and R. Michael Jones [2]. - Michael Williams brings 29 years of mining industry experience and has held leadership roles in several public companies, including serving as Executive Chairman of Aftermath Silver [3]. - John Anderson has over 20 years of capital markets experience in the resource sector and has been involved in founding multiple start-up companies [4]. Voting Results - The voting results showed overwhelming support for the number of directors, with 99.99% voting in favor [5]. - Specific votes included: - Appointment of Smythe LLP as auditors received 100% approval [5]. - The Stock Option Plan received 92.02% approval, while the Equity Incentive Compensation Plan received 90.32% approval [5]. - The proposal for corporate jurisdiction continuance to the Abu Dhabi Global Market received 99.60% approval [5][6]. Corporate Strategy - The decision to continue the corporate jurisdiction to the Abu Dhabi Global Market was made for strategic reasons, with the timing subject to Board discretion and regulatory approvals [6][7]. - Electrum Discovery Corp. focuses on mineral exploration and development in the Western Tethyan Belt, with significant projects in Serbia [7]. Project Details - The Timok East project covers 123 square kilometers in the Timok copper-gold region, located near the Bor Mining Complex [7]. - The Novo Tlamino project has an inferred mineral resource estimate of 670,000 oz AuEq, with a Preliminary Economic Assessment conducted in January 2021 [8].