Bacanora Lithium : 2021 AGM Proxy Vote Results

DEVELOPING A WORLD CLASS LITHIUM PROJECT

2021 AGM - Proxy Vote Results

30 June 2021

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Bacanora

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INTRODUCTION

AGM held on 30th June 2021 at 2.00pm

Held at The Clubhouse, 8 St James's Square, London, SW1Y 4JU

Attending in person - Peter Secker (CEO, Director), acting as Chair of the meeting, Jamie Strauss and Eileen Carr. Attending remotely - Graeme Purdy, Andres Antonius, Junichi Tomono and Wang Xiaoshen. Apologies from Mark Hohnen (Chairman).

63% of all shareholders voted by Proxy

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RESOLUTION 1

Ordinary Resolution

That the Company's annual accounts for the year ended 31 December 2020, together with the Directors' report and the auditors' report on those accounts, be received.

Proxy Votes in Favour = 239,226,288

Proxy Votes Against = 2,402,238

• Votes in Favour = 99.0%. Resolution approved Proxy Votes Withheld = 1,068,787

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RESOLUTION 2

Ordinary Resolution

That the report of the Remuneration Committee for the year ended 31 December 2020, be received and approved.

Proxy Votes in Favour = 217,723,700

Proxy Votes Against = 23,861,007

• Votes in Favour = 90.1%. Resolution approved Proxy Votes Withheld = 1,112,606

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