Polymetals Resources Ltd (ASX: POL) (Polymetals or the Company) is pleased to advise that all Resolutions detailed in the Notice of Extraordinary General Meeting (EGM) dated 14 June 2024 were passed at today's shareholder meeting.

HIGHLIGHTS Approval of Financial Assistance provided by CBH Resources for the Endeavor Silver Zinc Lead Mine acquisition. Approval of placement shares to existing shareholder Sparta AG raising $560,000

The Polymetals EGM held at 10:00am today passed all six resolutions (Refer Appendix 1) included in the Notice of Meeting1 circulated to shareholders on the 14th June 2024. In particular, the passing of Resolution 1, being approval of Financial Assistance provided by CBH Resources paves the way for Completion of the acquisition of the Endeavor Mine.

Polymetals Executive Chairman Dave Sproule said: 'The Board is delighted with the overwhelming shareholder endorsement of all resolutions at today's meeting. Approval of the Financial Assistance provided by CBH Resources (deferring replacement of the Rehabilitation Bond for up to two years) coupled with the recent POL equity raising and advancement of the redevelopment financing, removes all major hurdles to bringing the Endeavor Mine back online. Refurbishment works will now commence in earnest, providing clear site to near-term mine production and long term cashflow.' Resolution 5 of today's Shareholder meeting (Approval of Proposed Issue of Shares) also enables existing shareholder, Sparta AG, to participate in the previous placement via the issue of 2,000,000 shares at $0.28 per share raising $560,000.

Contact:

Email: john.haley@polymetals.com

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