Discovery Announces Annual General Meeting Results

TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today announced the results of voting at its Annual General Meeting held today. Shareholders voted in favour of the election of all director nominees: Murray John (Chair); Tony Makuch; Jeff Parr; Moira Smith; Daniel Vickerman; Jennifer Wagner; and Barry Olson. Details of the votes are set out below:

Nominee	Votes For	% For	Votes Withheld	% Withheld
Murray John	189,120,043	99.21	1,504,559	0.79
Tony Makuch	187,908,112	98.57	2,716,490	1.43
Jeff Parr	189,170,054	99.24	1,454,548	0.76
Moira Smith	189,201,624	99.25	1,422,978	0.75
Daniel Vickerman	189,170,711	99.24	1,453,891	0.76
Jennifer Wagner	166,845,268	87.53	23,779,334	12.47
Barry Olson	188,802,948	99.04	1,821,654	0.96

Shareholders also voted in favour of (i) appointing PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the ensuing year and; (ii) Amendments of the Restricted Share Unit Plan and Deferred Share Unit Plan of the Company. Further details on these items can be found in the Company’s Management Information Circular dated April 5, 2024 and filed on SEDAR+. Details of the votes are set out below.

	Outcome of Vote	Votes For	% For	Votes Withheld	% Withheld
Appointment of Auditors	Carried	210,063,916	99.33	1,410,328	0.67
Amendments of Restricted Share Unit Plan and Deferred Share Unit Plan	Carried	179,667,151	94.25	10,957,451	5.75

About Discovery
Discovery’s flagship project is its 100%-owned Cordero project, one of the world’s largest undeveloped silver deposits. The Feasibility Study completed in February 2024 demonstrates that Cordero has the potential to be developed into a large-scale, long-life project with low unit costs and attractive economic returns that offers the combination of margin, size and scalability. Cordero is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico.

On Behalf of the Board of Directors,
Tony Makuch, P.Eng
President, CEO & Director

For further information contact:
Forbes Gemmell, CFA
VP Corporate Development
Phone: [phone]
Email: [e-mail]
Website: www.discoverysilver.com

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This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.