30 June 2022
Pathfinder Minerals Plc
("Pathfinder" or the "Company")
Result of Annual General Meeting
Pathfinder held its Annual General Meeting at 12.30pm today, at which all resolutions were passed on a show of hands with the exceptions of resolutions 5, 10 and 11 on which the Chair called for a poll.
The table below shows the proxy votes received on all 11 resolutions. The full text of the resolutions is contained in the Notice of General Meeting published on 6 June 2022, which is available on Pathfinder's website at www.pathfinderminerals.com.
| Resolution | Votes For | % | Votes Against | % | Total no. votes cast | % of ISC** | Votes Withheld |
| 1 | 165,387,409 | 100.00 | 0 | 0.00 | 165,387,409 | 31.06 | 0 |
| 2 | 165,386,409 | 100.00 | 1,000 | 0.00 | 165,387,409 | 31.06 | 0 |
| 3 | 165,386,409 | 100.00 | 1,000 | 0.00 | 165,387,409 | 31.06 | 0 |
| 4 | 165,386,409 | 100.00 | 1,000 | 0.00 | 165,387,409 | 31.06 | 0 |
| 5 | 27,962,234 | 16.91 | 137,425,175 | 83.09 | 165,387,409 | 31.06 | 0 |
| 6 | 165,387,409 | 100.00 | 0 | 0.00 | 165,387,409 | 31.06 | 0 |
| 7 | 165,386,409 | 100.00 | 1,000 | 0.00 | 165,387,409 | 31.06 | 0 |
| 8 | 161,410,409 | 97.60 | 3,976,000 | 2.40 | 165,386,409 | 31.06 | 1,000 |
| 9 | 161,260,409 | 97.50 | 3,976,000 | 2.40 | 165,236,409 | 31.03 | 151,000 |
| 10* | 21,336,234 | 12.90 | 144,050,175 | 87.10 | 165,386,409 | 31.06 | 1,000 |
| 11* | 21,336,234 | 12.90 | 144,050,175 | 87.10 | 165,386,409 | 31.06 | 1,000 |
* Special resolutions
** Issued Share Capital
As a result of resolution 5 not having been passed (which related to the reappoint of Jonathan Summers as a director), Mr Summers retired as a director of the Company today, upon the conclusion of the Annual General Meeting. The Board had consulted with the Company's substantial shareholder who voted against Mr Summers' reappointment ahead of the meeting, and is aware of the reasons given for the votes against the resolution. The Board is, however, disappointed by the outcome, and wishes to thank Mr Summers for his valued contribution during his time with the Company.
The directors also consulted with the Company's substantial shareholder ahead of the meeting with regards to special resolutions numbered 10 and 11, and have been informed that their continuing policy in respect of all their investments, is to vote against any resolution to disapply pre-emption rights, irrespective of whether the proposed authority is general or limited.
Notes
· A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" and "Against"
· Votes "For" and "Against" are expressed as a percentage of votes validly cast for that resolution at the AGM
· Votes "For" include those giving discretion to the Chair or a third party
· "% of ISC" denotes the votes validly cast for each resolution as a percentage of the issued share capital of Ordinary shares as at the voting entitlement date.
Enquiries:
Pathfinder Minerals Plc
Peter Taylor, Chief Executive Officer
Tel. +44 (0)20 3143 6748
Strand Hanson Limited (Nominated & Financial Adviser and Broker)
James Spinney / Ritchie Balmer / Rob Patrick
Tel. +44 (0)20 7409 3494
Vigo Communications (Public Relations)
Ben Simons / Charlie Neish / Kate Kilgallen
Tel. +44 (0)20 7390 0234
Email. pathfinderminerals@vigocomms.com
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